Credit Agricole Bank launches service package for expats in Romania and for Romanians who work abroad

Credit Agricole Bank Romania recently launched a package targeting expats in the country. The Privilège Expat Package offers a 75 percent discount on international transactions- only 10 EUR/ payment, free multi – currency facility and RON/ EUR/ USD accounts, with the MasterCard debit card attached to the accounts, 80 percent discount on the commission for payments made in RON, and a free supplementary card, among others. The price for the package is only 5 EUR/ month and it is addressed to foreign citizens who are working in Romania, but also to Romanian who are working abroad. “We know that being in a foreign country can sometimes be troublesome. This is why we’re not only providing products and services that fit your needs, but also practical advice, whenever you feel like it,” said Pierre Martin, CEO of Credit Agricole Bank Romania (in picture). Credit Agricole Romania recorded an overall EUR 6 million net loss in 2012, a similar figure to 2011, according to the bank's annual financial results. The bank also cut its number of employees by 12 percent last year. Total assets, however, increased on the previous year, up by EUR 34 million to EUR 292 million – a 13 percent year-on-year rise. In Romania, Credit Agricole took over Emporiki Bank in 2006 and has spent over EUR 5 billion since to consolidate its capital base. Recently, many Emporiki branches have been re-branded as Credit Agricole. Credit Agricole Group is based in France and has operations in 50 countries. In total, the group has 51 million customers, 1.2 million shareholders, 6.9 million mutual shareholders and 150,000 employees. editor@romania-insider.com