Alexandre Paul Maymat will replace Guy Poupet at the helm of the local subsidiary of French lender Societe Generale. Pending approval form the bank's shareholders, set to meet on April 26, and the green light from Romania's Central Bank (BNR), Maymat should take over as president of BRD Societe Generale in Romania from the beginning of May.

Maymat was previously the head of Societe Generale's subsidiary in Cameroun. In the 90s, he held jobs in the French administration and later on at the European Commission. He joined Societe Generale in 2001.

BRD Groupe Societe Generale posted a net profit of EUR 109.7 million in 2011, down 7 percent on the year before. The result is ‘comfortable’ given the loss in the whole banking system, according to the bank.

The bank’s deposits reached EUR 7.1 billion, while loans to customers valued EUR 7.9 billion. BRD had 937 bank units at the end of last year and 8,245 employees, down from 8,600 at the end of 2010. The bank, with EUR 11.1 billion in assets at the end of 2011, is majority owned by French Groupe Societe Generale.

editor@romania-insider.com