Leading locally focused Romanian bank joins association, bringing innovation and SME strengths
BRUSSELS, Monday, 17 July 2017 – The ESBG board of directors and general assembly welcomes Bancpost, one of the top 10 systemic banks in the Romanian banking system, as a new member of the savings and retail banking association effective immediately. They join 24 fellow members from 20 countries who make up ESBG membership.
Bancpost is a top universal bank in the country, with a presence for more than 25 years in the local market and a network of 147 units and 7 business centres. The bank serves about 1 million corporate, retail and institutional clients, offering a wide range of financial products and services. Bancpost covers the funding needs of all categories of clients, large companies, SMEs, micro companies and individuals, both for its products, and through the lines made available within the partnership with various international financial institutions. Bancpost is also one of the leaders of the local cards market and developed extended networks of more than 500 ATMs, 6,000 POS machines and 190 payment automatic terminals (APS), which offer a convenient and reliable access to bank services.
During the last years, Bancpost activity in the local market was recognised by significant international and local institutions. The bank received numerous awards for its achievements in all areas of business practice including “Product of the Year" by Finmedia in 2016 for The Supporter Card, co-branded with Romanian Football Federation. It also won “Product of the Year" for credit activity and the Name Surname loan in 2015. It was awarded in 2016 “Best IFC Partner" to finance international trade in Southern Europe, while Finmedia in 2016 also awarded Bancpost best solvency ratio and an award for the highest value of transactions performed through a mobile banking service launched in 2014.
Bancpost plays an active role in the community at national level acting through three dedicated social responsibility platforms: #bancpostforeducation, #bancpostforculture, #bancpostforgood. The main purpose of these platforms is to improve lives in local communities. As a result of this focused and sustained approach, Bancpost was rewarded in 2016 for its work in boosting financial education levels among Romanian teenagers.
Now in 21 European countries and comprising 25 financial institutions or associations, ESBG members hold total assets of €7.1 trillion with more than 60,000 outlets and employing around 810,000 people who serve some 190 million customers in Europe.
ESBG membership has grown in recent years, with Bancpost joining the ranks of two new members signed on in 2016, including an octet of Belgian banks joining as the Coordination of Belgian Savings and Network Banks. They were joined that year by Lokale Pengeinstitutter (LOPI), the Association of Local Banks, Savings Banks and Cooperative Banks in Denmark. Bancpost was previously a member of ESBG sister organisation WSBI – the World Savings and Retail Banking Institute. They will re-join WSBI automatically with ESBG membership.
De Noose concluded: “Bancpost Romania saw the value in coming to the ESBG family. Locally driven, innovation focused members like them look to tap into our advocacy work and exchange of best practices among members."
>> Learn more about ESBG membership
>> Visit the Bancpost website
For more information, please contact:
James Pieper on +32 2 211 11 92 or at email@example.com; or
Dirk Smet on +32 2 211 11 90 or at firstname.lastname@example.org
ESBG brings together nearly 1000 savings and retail banks in 21 European countries that believe in a common identity for European policies. ESBG members represent one of the largest European retail banking networks, comprising one-third of the retail banking market in Europe, with 190 million customers, more than 60,000 outlets, total assets of €7.1 trillion, non-bank deposits of €3.5 trillion, and non-bank loans of €3.7 trillion. ESBG members come together to agree on and promote common positions on relevant regulatory or supervisory matters. Learn more about ESBG at www.wsbi-esbg.org