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New entrants in profits drive

Matei Paun reports on the host of foreign banks hoping to cash in on Romania’s burgeoning finance sector.
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The Banker’s recent Banking on Romania conference confirmed the strong development of Romania’s banking sector with competition set to rise as new entrants aim to grab a slice of the growing finance sector.

Looking to capitalise on new niches brought about by Romania’s booming real estate market, Raiffeisen Bank has launched a joint venture with Bausparkasse Schwäbisch Hall (BSH) that aims to introduce to the Romanian market the German banking model. Since 1948, BSH has financed the building or refurbishment of over seven million homes in Germany, and is today working with over 10 million clients across the CEE.

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