RBS determined to leave Romania, looking for a buyer through PwC

Royal Bank of Scotland is getting ready to sell its remaining subsidiary in Romania and has mandated PwC to find a bank to take over its portfolio, according to ZF.

After RBS sold it’s retail business last year, RBS has remained in Romania with a single unit which currently has an insignificant share of the market.

RBS signed a deal to transfer its retail portfolio last year to Unicredit Tiriac Bank and another deal to transfer some of its corporate loans.

RBS’s exit from the Romanian market seems inevitable and its looking for a baj that serves international clients and has similar experience to take over its remaining portfolio. The buyer could end up being Unicredit, who enjoys a strong presence on the corporate segment.

Other potential buyers include ING and Citibank.

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