RBS Romania to be selled by mother bank

RBS will either completely withdraw from the Romanian market or sell off the business, declared the group's CEO Stephen Hester, who added the lender needs to focus its resources during this period. The first group includes the strategic markets for the British lender, which will be kept. Businesses that could be reoriented fall into the second category, while for the units of the third group the lender is looking at opportunities for new ownership. Asides from Romania, the third group also features Slovakia, Portugal, Argentina and New Zealand. The lender's decision to sell the Romanian unit is not directly connected to our country, but to many units. RBS Romania is one of the most solid banks, with a good profitability and high solvency degree, declared BNR's governor, Mugur Isarescu.

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