BRD-SG’s management recently discussed 2008 growth targets with the French group’s leadership, to be made public most likely in April.

Gelin said he was satisfied with the bank’s results in 2007. For the first three quarters of last year, BRD-SG posted some €207 million in net profits, 42 percent higher year-on-year. In September, 2007, the bank had 2.2 million clients.

As for the domestic banking system, Gelin said one of the main challenges in 2008 will be the possible impact of the international financial crisis on local lenders. “ 2008 is also the year when Romania has to do more about public infrastructure projects and a significant challenge will be EU financing,” Gelin said.