Eurobank EFG decided not to participate in the privatisation process for CEC | Eurobank
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Eurobank EFG decided not to participate in the privatisation process for CEC

Eurobank EFG decided not to participate in the privatisation process for Casa de Economii si Consemnatuini S.A. (“CEC”) and not to submit a binding offer.
Romania remains a key market for Eurobank EFG’s growth strategy in Central and South-Eastern Europe. Due to the strong growth and the increasing competitiveness of the banking sector in Romania, Eurobank EFG has opted for a strategy of rapid organic growth through its subsidiary Bancpost in order to expand its business and presence in Romania. By the end of 2006, Bancpost is expected to operate over 200 branches and to employ over 3,700 staff.