Johann Lurf is the new president of Volksbank Romania, after having recently received the ok from the Romanian Central Bank (BNR). BNR has also given green light for Udo Birkner, who will be the bank's vice president.

Johann Lurf was named president of Volksbank in March this year, replacing Gerald Schreiner. Lurf used to head Volksbank's subsidiary in the Czech Republic. Schreiner had been at the helm of Volksbank Romania since 2006, after being the bank's VP for three years.

Volksbank was the third largest bank in Romania assets wise last year, with 6.6 percent of the bank assets in Romania, which totaled EUR 73.8 billion last year.