Industry consolidation
RZB is looking for consolidating its position in the Romanian market as it is interested to acquire CEC (the Romanian savings bank). Nothing new here, banks are looking for new ways of getting market share (and acquisitions are handy - read cheaper than most places in Eastern Europe) besides the organic growth coming mainly from the retail side. Keep in mind Baltzar's prediction that in 5 years or so there will be less than 15 banks activating in Romania.
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