Miro Bank

Mrs. Ana Maria Mihaescu – the representative of IFC for Romania – has participated on Monday, the 12th of May, at the press conference organized on the occasion of the official launch of a new Miro Bank branch in Craiova. Besides IFC – the financial division of the World Bank, other 4 financial institutions of prestige represent the shareholders of Miro Bank: BERD, Commerzbank, DEG and IMI, with new shareholders to be added such as FMO (The Netherlands Development Finance Institution). The bank’s social capital, now in a growing process, will be up to 13,500,000 USD. The sustaining coming from such prestigious financial institutions certifies the safe character of the bank. Moreover, the rapidity, flexibility, the lack of bureaucracy and its professionalism represent the strong points in the Miro Bank’s attempt to achieve its objectives.

Miro Bank, the first micro financing bank in Romania, is a new presence on the Romanian banking market, which began its activity since July 2002. Nonetheless, the bank opened, five branches until the end of 2002 in Bucharest, Brasov, Cluj-Napoca, Constanta, Craiova, and Timisoara and an agency in Militari, Bucharest. In the future, the bank plans to consolidate the success it gained, and to extend its network in other major cities too, all over Romania. As a first step, 3 new branches will be opened in 2003.