Banca Românească

Short Description

Banca Romaneasca was established in 1993 as a private commercial bank. In December 1998, Romanian American Enterprise Fund became the controlling shareholder. RAEF exited Banca Romaneasca in 2003 by selling its stake to National Bank of Greece.


Fund Romanian American Enterprise Fund
Sector Financial Services
Country Romania
Entry December 1998
Exit October 2003
Fund’s Return 3x cash on cash
Fund’s Contribution The Fund chose the most appropriate development strategy by focusing mainly on financing SMEs and assured financing from reputed financial institutions like: EBRD, KfW, IFC, FMO, WB, PHARE, BIRD. RAEF has reinforced the management team and, through active leadership, succeeded to increase the total assets of the Bank by more than 3 times and the equity by more than 2 times between 1998 and 2002.