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It’s been a long haul for Calin Tomosoiu. Since the Romanian Bank for Development was set up as an independent commercial bank in 1990, he has been thinking about how it should be privatized. In 1994, he was appointed head of the new privatization team at the bank, which western bankers regard as the most advanced of Romania’s four main public-sector banks. Three years on, Tomosoiu finally believes that his goal is in sight. Very little could be achieved until the Romanians had an authoritative assessment of their banking system. |
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