OTP Bank announces the signing of agreement for Banca Romaneasca takeover

Banca Romaneasca

The National Bank of Greece has signed an agreement with OTP Bank Romania for the sale of its stake to Banca Romaneasca of 99.28%. The transaction involved the Banca Romaneasca shares owned by NBG and the acquisition of the supplementary ...

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Ezio Salvai, new Chairman of Intesa Sanpaolo Bank Romania

Ezio Salvai

Intesa Sanpaolo Bank Romania appointed Ezio Salvai (former Vice-President) as the new Chairman of the Board, replacing Giovanni Battista Ravasio, who decided after 14 years and several mandats within the Board of Directors of the bank to retire and to ...

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Canah International gets RON 1 M loan to develop its business

Canah International

EximBank and Canah International, one of the main European manufacturers of natural products based on hemp seeds have concluded a financial agreement of more than RON 1 million aimed at continuing the company’s investment program for reaching its business targets. ...

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Hungary’s OTP agreed to buy NBG’s Banca Romaneasca, media sources


Hungary-based OTP Bank has concluded an agreement to buy the local subsidiary of National Bank of Greece (NBG), Banca Romaneasca, sources close the deal told Reuters on Friday. “There is a deal, NBG’s unit will be sold to OTP,” a ...

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François José Aldeguer appointed Deputy CEO of BRD Groupe Soc-Gen

François José Aldeguer

BRD Groupe Societe-Generale appointed François José Aldeguer as its new Deputy CEO after his nomination was approved on July 13, 2017 by the National Bank of Romania (BNR), as a press release informs. As at March 31, 2017 the bank ...

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PBK, the new trading symbol for Patria Bank shares on Bucharest Stock Exchange

Patria Bank

Patria Bank shares, a credit institution that operates on the Romanian banking sector, are traded under a new symbol on the Bucharest Stock Exchange (BVB) market, following the successful merger with Banca Comerciala Carpatica. The old trading symbol ‘BCC’ becomes ...

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Romanian baking system, the most profitable in Europe, says EBA

romanian banking system

The Romanian banks have become the most profitable in Europe, as the return on equity (ROE) reached 15.6% at the end of the first quarter, double than the European average, according to the latest statistics released by the European Banking ...

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Moody’s assigns Alpha Bank Romania deposit ratings of Ba3, better then the parent bank

Alpha Bank Romania

Moody’s Investors Service has assigned Alpha Bank Romania (ABR) first-time Ba3 long-term local and foreign currency deposit ratings, Not Prime short-term local and foreign currency deposit ratings, and a b2 baseline credit assessment (BCA) and adjusted BCA. Moody’s also assigned ...

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