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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian tech entrepreneur takes over and rebrands small local bank

Romanian tech entrepreneur Vasile Olimpiu Balas, a programmer who has over 20 years of experience in developing software for the local banking industry, has taken over a 64.6% stake in local lender Banca Comerciala Feroviara.

The bank was founded by local businessman Valer Blidar, who owns the biggest passenger wagon factory in Romania, to support the local industry. The new owner plans to turn the bank into one dedicated to local tech startups.

Thus, the bank will change its name to Techventures Bank.

"Starting with December 2020, we have a new project - Techventures Bank, a bank that will be developed according to the vision of an IT specialist who aims to deliver products and services connected to the latest advanced technologies available on the international market. We want to differentiate ourselves through a technology applied and useful to each client. From January next year, we will start integrating a series of technologies, and we will continue to develop each solution and product through this vision," said Vasile Olimpiu Balas, quoted by Economica.net.

Founded in 2009, Banca Comerciala Feroviara is currently one of the smallest on the local market, with less than EUR 100 mln in assets at the end of 2019.

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian tech entrepreneur takes over and rebrands small local bank

Romanian tech entrepreneur Vasile Olimpiu Balas, a programmer who has over 20 years of experience in developing software for the local banking industry, has taken over a 64.6% stake in local lender Banca Comerciala Feroviara.

The bank was founded by local businessman Valer Blidar, who owns the biggest passenger wagon factory in Romania, to support the local industry. The new owner plans to turn the bank into one dedicated to local tech startups.

Thus, the bank will change its name to Techventures Bank.

"Starting with December 2020, we have a new project - Techventures Bank, a bank that will be developed according to the vision of an IT specialist who aims to deliver products and services connected to the latest advanced technologies available on the international market. We want to differentiate ourselves through a technology applied and useful to each client. From January next year, we will start integrating a series of technologies, and we will continue to develop each solution and product through this vision," said Vasile Olimpiu Balas, quoted by Economica.net.

Founded in 2009, Banca Comerciala Feroviara is currently one of the smallest on the local market, with less than EUR 100 mln in assets at the end of 2019.

andrei@romania-insider.com

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