What is CPBR

What is CPBR

The Council of Banking Employers in Romania (CPBR) was established as the country’s first banking sector employers’ organization on 28 April 2014. CPBR’s founding member banks are Banca Comerciala Romana, BRD - Groupe Societe Generale, Raiffeisen

Bank and UniCredit Tiriac Bank. In the next two months following its establishment, CPBR added ING Bank Romania and Volksbank Romania as additional members. The six banks that currently compose the CPBR together have about half of total bank assets in Romania, while employing more than a third of total workers in the country’s banking sector.

Romania is one of the few countries in the EU that does not have a fully-fledged employers’ organization in its banking industry with a right to negotiate and conclude collective agreements beyond the existing representation, which is only at consultative level (the ARB).

Romania, like most of the other European countries, is a “social market economy.” In such social market economy systems, as is widely known, the employers' organizations are part of a system of institutionalized deliberation, together with government, the trade unions and regulatory bodies. In tri-partite negotiations the so-called “social partners” reach agreements on specific industry issues (i.e. price levels, wage policies, legislative initiatives, tax rates, pension entitlements etc., to name just a few).

Moreover, in countries having embraced a social market economy system, like Romania, collective negotiation is often done on a national level not between one corporation and one union, but between national employers' organizations and national trade unions; as such, we believe the creation of the CPRB is going to be a crucial step ahead in further developing the country’s banking sector in particular and its economy and sound corporate governance in general.

As an employers’ organization, CPBR will place a great emphasis on the relations with employees. On the other hand, it would be impossible, as it would also lack vision and responsibility towards our employees and toward the society in general to limit ourselves just to aspects related to employers’ organization – trade unions. We cannot be an Employers’ Organization without taking a real interest in what happens in the industry our employees work in or in the relationship with the policy‐making authorities that influence the banking activity. These are responsibilities deriving from the normal tripartite dialogue of <Employers’ organizations‐Government‐Trade Unions>, either via a direct or via a circumstantial relation, or as the consequence of the dialogue.


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