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Banca Carpatica, based in Sibiu, owned by businessman Ilie Carabulea, will be sold to the US investment firm JC Flowers. The Americans will take over the bank through a capital increase of RON 100 million, if negotiations are completed, digi24.ro informs.
JC Flowers is a Wall Street firm, acting on behalf of several investment funds, and has investments of USD 14 billion in companies in 14 countries.
Carpatica Bank is one of the small banks in Romania, founded ten years ago by the richest businessman in Sibiu.
In recent months, Ilie Carabulea repeatedly called on the National Bank to find an investor for Carpatica Bank, so that the bank is able to maintain the central bank’s prudential limits and have money for further development.
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