BT: Volksbank takeover procedures completed
Banca Transilvania (BT) has completed the acquisition of Volksbank on Tuesday and will provide customers with loans in CHF the conversion in EUR or RON with a reduction of 22.5%, plus the repayment of amounts paid for the risk premium by subtracting the balance, the offer being valid starting May 4.
“About 18,300 customers of Volksbank Romania may benefit, upon their request, from the solutions offered by BT”, the bank announced in a statement.
BT will apply a discount of 22.5% to clients seeking conversion of loans from Swiss Francs to euros in lei.
The calculation of risk premium or the administration fee will be stopped for all customers who have loans from Volksbank in CHF, but also for loans in RON, EUR and USD.