In 1993 MKB Romexterra Bank is established in Targu Mures, under the name of Banca de Credit si Dezvoltare Romexterra S.A
The MKB Romexterra Bank Group structure presently includes MKB Romexterra Leasing IFN S.A., a financial leasing company, whose registered office is in Bucharest, MKB Romexterra Fond de Pensii S.A., private pension company fund, whose registered office is in Bucharest, S.C. Corporate Recovery Management S.R.L. limited company which has as activity object " Other activities services performs for enterprises" whose registered office is in Bucharest.
Benefits from financial and operational support from Hungarian-based owner Adequate liquidity Improving risk-management structures Rapidly deteriorating financial performance, due to difficult economic and operating environment in Romania Diminishing financial flexibility amid the ongoing liquidity crunch Risk of deteriorating asset quality, owing to the financial markets downturn, weakening economy, and the economic downturn Already weak capitalization jeopardized by negative results in third-quarter 2008 The ratings on Romania-based MKB Romexterra Bank S.A. reflect the rapidly deteriorating financial performance of the bank, due to the difficult economic and operating environment in the Republic of Romania (BB+/Negative/B), which has led to a significant increase in expenses and loan loss provisions that triggered a net loss for the first nine months of 2008.
Private banking in the present socio-economic context portrays the activity of personal financial counseling and wealth management for high net-worth individuals. Benefiting from the group expertise and experience through BayernLB, MKB Romexterra Bank has introduced private banking services to the Romanian market starting with the year 2007. Throughout the year 2008, MKB Romexterra Bank offers private banking services to its clients FREE of charge.