MKB Romexterra Bank, owned by the third-largest Hungarian lender, MKB Bank, is to enter the real estate leasing and lease-back markets next month, according to bank officials. Romexterra also plans to operate new investment products and services this year, including investment and private pension funds. "The year 2007 means change in terms of the way MKB Romexterra Bank works... to ensure that we reach the standards of the group we are part of as soon as possible," the bank's Executive President, Adrian Radu, told Business Standard.
Romexterra also aims to open 35 new units in 2007, to reach a total of 96 units, and increase its assets by 65 percent, to €600 million, from a current €360.8 million.
Romexterra's loan portfolio increased by more than 71 percent year-on-year, to €209 million, according to the bank's 2006 Activity Report, published yesterday. The rise was due to retail loans, which were up by 170 percent. Romexterra also issued 30 percent more cards, reaching a total of 170,000. The bank's corporate segment rose 83 percent in 2006, to €13.1 million from €7.1 in 2005.
MKB Romexterra Bank ranked 21st in the domestic banking system by the end of last year, with a 0.7 percent market share and assets totaling €360.8 million, up 15.8 percent year on year.
