National Bank approves the merger between Banca Comerciala Carpatica and Patria Bank

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The National Bank of Romania (BNR) has issued a preliminary approval on the merger between Banca Comerciala Carpatica and Patria Bank, allowing the start of completing the final formalities of beginning the registration of the new bank and the commencement of operations for effective integration, according to a press release from Patria Bank.

In the coming period the necessary operations for the integration of the two banks will commence.

Patria Bank Group is owned by the Emerging Europe Accession Fund (EEAF), a private equity investment fund having as main investors the European Bank for Reconstruction and Development (EBRD), the European Fund for Investments, part of the European Bank for Investments, Banca de Dezvoltare, part of the KFW (DEG) banking group and the Black Sea Development Bank.

Patria Bank Group includes Patria Bank SA, Banca Comerciala Carpatica SA, Patria Credit IFN SA, SAI Carpatica Asset Management and SAI Intercapital Invest SA.

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