Banca Cooperatista Mihai Viteazu Craiova

Banca Cooperatista Mihai Viteazu Craiova is a member-owned cooperative credit institution serving the Craiova area under Romania’s cooperative banking framework and the supervision of the National Bank of Romania. As is typical for cooperative banks, customers generally become members by subscribing cooperative shares; these shares represent risk capital and are distinct from deposits. The bank focuses on basic retail and micro–small business services in local currency, including current and savings accounts, term deposits, domestic RON transfers and payments, cash services, and lending such as consumer, real-estate–secured, and working-capital or investment loans, with underwriting based on local risk evaluation and collateral requirements. Availability of bank cards, ATM access, internet and mobile banking, and foreign-currency or SEPA services depends on specific arrangements in place; prospective clients should confirm whether card issuance, international transfers via SWIFT, and EUR services are supported and at what cost. Pricing is set through published tariffs for account maintenance, transfers, cash operations, and loan administration, while interest rates on deposits and loans are posted by the institution and may change with market and policy conditions. Deposits are protected up to the RON equivalent of EUR 100,000 per depositor by Romania’s statutory deposit guarantee scheme in line with EU rules; cooperative share capital is not covered by deposit insurance and carries ownership risk. Account opening and KYC are typically completed in branch during standard business hours, and the product range and digital capabilities are usually narrower than those of large commercial banks. Individuals and small businesses considering this institution should review membership terms, fees, interest rates, digital channel availability, and geographic convenience, and request up-to-date documentation before committing.