Millenium BCP, the largest listed bank in Portugal, has allocated itself a 0.21% slice of Romania’s banking market, based on assets, in a mere 6 months since beginning operations in this country.
Losses in the first quarter of 2008, worth €5.4 million, are only half of those budgeted. “We have managed to exceed objectives set and are confident that massive investments in Romania, which we have planned for the coming years, will ensure Millennium Bank a position in the financial sector,” said Jose Toscano, CEO of Millennium Bank Romania.
