RBS Bank continues cautious growth strategy in Romania through tough times

RBS Bank - former ABN Amro Romania - will preserve its prudent growth strategy under the umbrella of its British shareholders, continuing to follow the tested model, with a focus on alternative channels and a balanced territorial presence.

"The current environment does not encourage aggressive expansion. Both users and suppliers of financial services have to be very risk-aware and collaborate in order to weather the storm on the financial markets," says Peter Weiss, president of RBS Bank Romania.

He came to Romania in 2005, being brought by ABN Amro at the helm of Romanian operations, after running the Greek subsidiary of the Dutch group.

In the bank's takeover by financial giant Royal Bank of Scotland, Weiss was confirmed as president of the managing board. RBS Bank preserves its policy of non-disclosure of its financial data, but Weiss says he is "happy" with this year's turnover trend, which has seen "healthy increases across the board".

He also notes that, at least in terms of group reporting standards, profitability is on a very positive trend.

Source: Ziarul Financiar