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Dorinel Umbrarescu to sell his bank, Banca Romana de Credite si Investitii

Romanian businessman Dorinel Umbrarescu, known as one of the local “asphalt kings” due to his construction companies’ infrastructure contracts with the state, has reached an agreement to sell his bank, Banca Romana de Credite si Investitii (BRCI).The deal is currently being analysed by Romania’s National Bank (BNR) for compliance with local regulations. Umbrarescu has been trying to sell his credit institution for about three ...

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