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On the Romanian banking market, there is nothing to buy at the moment, explains Corrado Passera, CEO at Italy's Intesa Sanpaolo group
On the Romanian banking market, there is nothing to buy at the moment, explains Corrado Passera, CEO at Italy's Intesa Sanpaolo group, which ranks third in the eurozone in terms of market capitalisation.
The CEO states that the current strategy in Romania entails the consolidation of existing operations, namely those of Sanpaolo IMI Romania and CR Firenze Romania, whilst the group would take advantage of an opportunity should a player decide to withdraw from the market.
Intesa was among the international banks that entered the race for the takeover of BCR in 2005.
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