Banca Cooperatista Mihai Viteazul Targoviste

Banca Cooperatista Mihai Viteazul Targoviste is a Romanian cooperative credit institution serving clients in Targoviste and the surrounding area. Operating within the national cooperative banking network coordinated by CREDITCOOP and supervised by the National Bank of Romania, it follows a member-owned model in which cooperative members subscribe share capital and governance is exercised locally according to cooperative principles. The bank focuses on core retail and microbusiness services, including current accounts and term deposits primarily in RON, domestic payments, cash operations, and standard lending for personal needs and small enterprises. Product terms, interest rates, and fees are set at the institutional level and disclosed in official tariffs available at the branch; conditions may be updated in line with policy and regulation. Deposits are protected by the Bank Deposit Guarantee Fund (FGDB) up to the legal limit of the RON equivalent of EUR 100,000 per depositor, per institution. Service delivery is mainly branch-based; the availability of remote channels and more complex services such as foreign currency products, international transfers, payment cards, or mobile banking is more limited than at larger commercial banks and should be confirmed directly with the institution before opening an account. The bank applies standard KYC/AML procedures and uses national payment systems for domestic transfers.