Central and Eastern Europe regional awards
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Best Bank: BRD – Groupe Société Générale |
Erste Bank’s acquisition of Banca Comerciala Romana in 2006 certainly put the cat among the banking pigeons in Romania and added a whole new level of competition. However, BRD retains its best bank title for the moment thanks to an impressive set of results in 2006 which indicated positive across-the-board development. It was the only Romanian bank to increase its market share in credits and deposits, up from 16% to 18% and with a return on equity of 36% it was also the most profitable bank in the country in 2006.
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