Home / Tag Archives: Bancpost

Tag Archives: Bancpost

When Banca Transilvania will conclude the merger with Bancpost?

Banca Transilvania shareholders have approved on Tuesday the merger with Bancpost, setting the date for December 31, 2018. Following the transaction, the new bank will be the largest in Romania. „Seeing the results so far and considering Banca Transilvania-Bancpost synergies ...

Read More »

Important bank in Romania ceases to exist on December 31

The date of the merger through which Banca Transilvania, the largest banking group in Romania, has taken over Bancpost, has been settled for December 31, 2018, on condition that the National Bank of Romania (BNR) gives its consent. „On this ...

Read More »

Overall net profit of banks in Romania – up by 33pc in H1

The net profit of the local banking system, cumulated and not offset with losses, increased by 33%, to RON 3.6 billion, in the first half of this year, as compared to the same period last year, the most profitable semester ...

Read More »

Banca Transilvania to complete Bancpost takeover of H1 of April

Banca Transilvania will start the specific procedures for finalizing the transaction with Eurobank Group regarding the acquisition of Bancpost shares, according to an announcement published on the Bucharest Stock Exchange (BVB) website. ”Banca Transilvania has received the necessary approvals from ...

Read More »

Bancpost take-over, along with ERB Retail Services IFN and ERB Leasing IFN, by BT, under CC sight

The Competition Council (CC) analyses the transaction by which Banca Transilvania S.A. (BT) takes over Bancpost S.A., ERB Retail Services IFN S.A. and ERB Leasing IFN S.A., a press release informs. In November 2017, BT has reached an agreement with ...

Read More »

BNR sanctioned only five banks in 2017, compared to 55 in 2016

Credit Europe Bank had the most deviations and breaches of banking regulations in 2017. For all these irregularities the financial institution was fined RON 20,000, following the Order of the First Deputy Governor of National Bank of Romania (BNR). Throughout ...

Read More »

Banca Transilvania has reached an agreement with Eurobank regarding Bancpost

Banca Transilvania (BT) has reached an agreement with the Eurobank to acquire the shares held by the Greek bank in Bancpost, ERB Retail Services IFN S.A. and ERB Leasing IFN S.A., as a press release informs. “The acquisition of Bancpost ...

Read More »

Bancpost’s takeover by Banca Transilvania went straight. The acquisition agreement to be signed at end-November

Eurobank and Banca Transilvania have been pursuing exclusive negotiations as regard to the potential sale of Bancpost, ERB Retail Services IFN SA and ERB Leasing IFN S.A in Romania, a press release informs. ”During the last few weeks there has ...

Read More »

Authority for Consumer’s Protection fines 15 banks for deceiving advertising

The National Authority for Consumer’s Protection (ANPC) has fined 15 banks with total amounts of over RON 500,000 for unfair commercial practices regarding advertising activities, asking them to cease these practices, to rectify the contracts already concluded, to return the ...

Read More »