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Starting May 2008, Egnatia Bank (Romania) SA has changed its name into MARFIN BANK (ROMANIA) SA.
This was determined by the expansion process of the MARFIN Group that has acquired the mother bank, EGNATIA BANK SA Greece in April 2006.
Marfin Bank is the financial arm of the MARFIN group, a highly dynamic and strong group (that includes also insurance, leasing, other financial services) with activities in IT, Food Industry, Healthcare, Hotel/Restaurant/Cafe, Sea Transport, etc. and has presence, except Romania, in 16 other countries such as: Greece (Marfin Egnatia Bank SA), Cyprus (Marfin Popular Bank), Russia, Ukraine, UK, Australia, Malta, Serbia, Estonia etc.
The Bank passed through several major transformations from the year 2000 when entered into the Romanian market as Egnatia Bank (Romania) SA through the acquisition of BNP-Dresdner Bank's operations, and continues adapting to the dynamic financial-banking environment in Romania by:
Redefinition of the mission and strategy of the Bank
Several successive capital increases
Initiation of a wide process of operation and internal procedures reorganization
Highlight of the customer oriented approach in Bank's services
The development of the customers - legal persons portfolio by offering new products
The launch of new retail loans, addressed to private individuals
The increase of the product sales efficiency also by promoting the offer of the leasing company of the Group.
The Bank focuses mainly on medium and large size corporate customers and average to high net-worth individuals to offer commercial banking and retail banking products, advisory and cash management services.
The MARFIN BANK' s objectives in the next years refer especially to:
The permanent improving of the bank's performances and of the services and products offered to customers
Continuous expansion of the branches network in area with business potential where it can be created local and regional connections with the existing and potential clients
Increase of the market share by organic growth
Full package of banking and leasing products in competitive conditions together with our subsidiary Marfin Leasing.
| Main activities of the Bank |
Corporate and Retail Banking
Accounts: current and term deposit accounts in RON and foreign currency, cash deposits and withdrawals in RON and foreign currency;
Credit facilities: loans, letters of guarantee, letters of credit, discount of bills of exchange;
Electronic banking: MultiCash (local and international module).
International Banking
Foreign and domestic payments: money transfers, collection of bills of exchange and foreign currency cheques;
Documentary collections: export and import collections;
Documentary letters of credit: export and import letters of credit, short-term financing under letters of credit.
Treasury
Foreign exchange transactions and derivatives;
Money Market instruments: placements and time deposits in RON and all major currencies;
Treasury bills trading;
Market analysis;
Product developments.
Consulting and other services
Financial Advisory services;
Structured and Project Financing;
Strategic advise on national and international investments;
Business information to foreign companies;
Acceptance and giving of mandates.
| Customer base and product range |
The Bank focuses upon commercial companies and retail customers.
A summary of the Bank’s customer base and key retail and commercial products is set out below.
Commercial banking
MARFIN Bank (Romania) S.A. services a variety of corporate and commercial customers active in diversified industries and sectors of the economy. The Bank offers a full range of banking products including but not limited to the following:
Current and time deposit accounts in RON and foreign currencies;
Credit Facilities for working capital and other short term facilities in both RON and foreign currencies;
Factoring of receivables;
Medium term RON and foreign currency Loans to finance acquisition of equipment, premises or other capital investments;
International and domestic trade financing products such as letters of credit, letters of guarantee, foreign exchange receipts and payments; and
Electronic banking (MultiCash)
Retail banking
MARFIN Bank (Romania) S.A. provides retail banking services to both resident and non-resident individuals.
Retail products for private individuals include but are not limited to:
Current and time deposit accounts in RON and foreign currencies;
Real Estate Loans and Consumer Loans;
Safe deposit boxes;
Local and International Money Transfers:
Foreign exchange transactions;
Bills of exchange and payments;
Travellers’ cheques purchase.
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