Investment manager "Axxess Capital" wants Nextebank, which it intends to acquire, to take over the activity of Patria Credit, a financial institution which it owns, bank sources told us. According to them, Nextebank, the former MKB Romexterra Bank, has notified the Territorial Labor Inspectorates and the County Labor Agencies on the plans to eliminate all the positions on the current organization chart, with the exception of a few, and to set up new ones, which would represent 40% of the ones that would be removed. The new positions would be held following a recruitment process, assisted by an outside consultant.

The reorganization is said to have been requested by "Axxess Capital", who wants the current employees of Patria Credit to be transferred to Nextebank, after it takes over the lender, according to the quoted sources. The representatives of "Axxess Capital" and those of Patria Credit could not be contacted, while the officials of Nextebank did not give us a response, by the time the newspaper went to print.

In 2009, Patria Credit requested a bank license, but the National Bank of Romania refused to grant it. The refusal of the Central Bank, which came one year after the application was submitted, was caused by the nature of the two investors in Patria Credit, Romanian American Enterprise Fund (RAEF) and Balkan Accession Fund (BAF), more specifically that they are investment funds, which by their own definition have a limited duration. Horia Manda, managing partner "Axxess Capital", was saying at the time, that in the long term, the possibility existed for a foreign bank becoming a shareholder of Patria Credit, in order to help the latter secure a banking license.

Meanwhile, the NBR seems to have changed its attitude on the presence of investment funds in the shareholder structure of local banks, as it seems to look more kindly on their prese