Romania's Ministry of Finance announced interim governance arrangements for the Bank of Investment and Development (BID) after the mandates of the Supervisory Board and Directorate ended on 23 November 2025, with shareholders appointing provisional non-executive leadership to maintain continuity while new governing bodies are selected and approved. The General Meeting of Shareholders approved a reduced interim Supervisory Board, cutting membership from seven to five to align with governance and institutional efficiency requirements, alongside a reduction in members’ remuneration. The interim Supervisory Board members have been authorised by the National Bank of Romania and have submitted proposals to the central bank for interim executive management appointments; BID’s projects, guarantees, financing lines and operational processes are to continue without interruption. A selection process has been initiated for a new non-executive leadership team with a four-year mandate, with a recruitment announcement to be published.
Ministry of Finance (Romania) 2025-11-26
Romania's Ministry of Finance appoints a five-member interim supervisory board at the Investment and Development Bank and starts recruiting new non-executive leadership
Romania's Ministry of Finance announced interim governance for the Bank of Investment and Development (BID) after the Supervisory Board and Directorate mandates ended. A reduced interim Supervisory Board, approved by the General Meeting of Shareholders and authorised by the National Bank of Romania, will maintain continuity while new leadership is selected. BID's operations will continue uninterrupted, with a recruitment process underway for a new non-executive leadership team.