“In the first half of 2007, our reference transactions were ones for which we bet on the Czech and Romanian currencies. With regard to the RON, our exposure is as high as RON 400 million (approximately €121 million) and involves financial operations extending over three-five years,” reads one of the bank’s internal doc
uments. Rabobank officials notified BNR, at the end of June 2007, of their intention to run two types of operations in Romania, through their Ireland-based subsidiary: consumer and mortgage loans, as well as deals on the factoring market.
Rabobank participated in the National Savings Bank tender, for which it used the services of Bogdan Baltazar as consultant, but abandoned the race two days before the short list was made of accepted investors.
The Dutch bank is in full negotiation process with other banking institutions, confirming its intent to play a part in the consolidation process of the European banking system.
