The Ministry of Finance has officially launched the selection process for the future Supervisory Board of the Development and Investment Bank (BID), following the expiration of the current leadership mandates on 23 November 2025. Until the new board is appointed, the institution is managed by interim members approved by the National Bank of Romania, ensuring operational continuity and stability.
According to the Ministry, the General Meeting of Shareholders recently endorsed a provisional Supervisory Board, reduced from seven to five members, to align with governance and institutional efficiency requirements. These interim members have already received BNR approval and have submitted proposals for the temporary executive leadership.
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The Finance Ministry states that the recruitment notice for the new non-executive leadership – which will serve a four-year mandate – will be published shortly. The process will be open, competitive and transparent, in line with national legislation, OECD recommendations and European corporate governance standards. The reduction in the number of Supervisory Board members is accompanied by lower remuneration.
Minister Alexandru Nazare emphasizes that the transition period does not disrupt the bank’s regular activity. BID continues to operate normally, with financing programs, guarantees and operational processes carried out as usual by its technical and operational staff, supporting SMEs, local authorities and public utilities companies.
Amid recent debates over personnel expenses, the Ministry reiterates that the current mandates expire naturally according to the institution’s founding documents, without any extraordinary revocation. BID also confirmed that the mandates of the Supervisory Board and Directorate were set for two years when appointed in 2023 and are due to end on 23 November 2025.
Established at the end of 2023 through the National Recovery and Resilience Plan, the Development and Investment Bank is the only development bank fully owned by the Romanian state, with the mission of providing financing tools for SMEs and public investment projects.
Photo: ZF
