Private company

Bancorex

Logo: Banca Romana De Comert Exterior Bancorex SA, Public domain, via Wikimedia Commons3

Defunct Romanian bank based in Bucharest, founded in 19681

Bancorex was the largest bank in Romania during the 1990s, accounting for more than a fourth of the banking market share when it was closed down in 1999. The bank failed due to non-performing loans that were related to political corruption, especially behind-the-scenes political dealings.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

1968Founded1
  • Industryeconomics of banking1
  • HeadquartersBucharest1
  • Legal formS.A.1

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Bancorex was the largest bank in Romania during the 1990s, accounting for more than a fourth of the banking market share when it was closed down in 1999. The bank failed due to non-performing loans that were related to political corruption, especially behind-the-scenes political dealings.2

Timeline

  1. Aug 2, 1999Dissolved Dissolved1
  2. 1968Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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