“I know that there are discussions in the public space about who manages the state banks. This bank will be created based on performance criteria,” Finance Minister Adrian Cachiu said on Wednesday.
On Wednesday, the government will make a decision on the creation and management of a new state bank – the Development Investment Bank, Prime Minister Chuke said.
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Finance Minister Adrian Cachiu wanted to make certain clarifications regarding the remuneration of the new bank’s management.
- “I know that there are discussions in the public space about who manages the state banks. This bank will be created based on efficiency criteria. Those who join this Board during the first 2 years of the bank’s operation will receive a fixed amount and a success bonus.
- This fixed amount will not be at the level of the banking system and will be modest, but it will be a performance indicator with criteria of milestones to be met so that those appointed on this Board are monitored so that we have an operational bank within 1 year, 1 year and half,” said Cachiu.
The Minister of Finance claims that with the creation of the new bank, another important step will be taken to diversify financing instruments.
“The appearance of a new actor in the financial system is very important for the economy, because the need for financing at the economic level is becoming more and more important,” the minister also said.
- Read more about this bank as well: Another state-owned bank is emerging: the costs for the creation of the Development Bank of Romania will amount to 6.8 million lei – the project
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Source: Hot News RO
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