Carpatica, a small bank controlled by Sibiu businessman Ilie Carabulea, is getting ready to return to profit after having undergone a tough restructuring last year, says Nicolae Surdu, general manager of the bank.
The banker targets a 10% increase in loans granted to clients, which should rebuild its revenue base, and the considerable decline in provision expenses should make room for a small profit.
"The bank underwent a reorganisation process last year that was based on two pillars: business line rethinking and territorial network restructuring. We managed to complete it in seven months, between January and August, extremely fast," Surdu, 50, told ZF in an interview.
He was brought to the helm of Carpatica in the autumn of 2009, when the old management team was entirely changed amid financial problems. Surdu came with the task of reviewing the bank's organisational structure, as well as of reorganising operations.
"The bank has now been restructured, reorganised, laid on different bases. It's an entirely different bank from October 2009, when I came on board," Surdu said.
Carpatica, a small bank controlled by Sibiu businessman Ilie Carabulea, is getting ready to return to profit after having undergone a tough restructuring last year, says Nicolae Surdu, general manager of the bank.
The banker targets a 10% increase in loans granted to clients, which should rebuild its revenue base, and the considerable decline in provision expenses should make room for a small profit.
"The bank underwent a reorganisation process last year that was based on two pillars: business line rethinking and territorial network restructuring. We managed to complete it in seven months, between January and August, extremely fast," Surdu, 50, told ZF in an interview.
He was brought to the helm of Carpatica in the autumn of 2009, when the old man
