Romanian lender Banca Transilvania said on Friday it has received regulatory approval from the country’s competition watchdog and the central bank to buy Greek Eurobank’s Romanian subsidiary Bancpost, according to Ekathimerini.com.
“Banca Transilvania estimates that the closing of the transaction regarding the acquisition of Bancpost will take place during the first half of April 2018,” it said in a statement.
Greek banks have been divesting assets and foreign subsidiaries to focus on their domestic market under a restructuring drive.
On Thursday, Romania’s central bank said it had rejected Hungary’s OTP Bank’s acquisition of Banca Romaneasca from the National Bank of Greece.
Photo: RADOR.ro
[…] Tranzacția referitoare la Bancpost vine după ce a eșuat achiziția Băncii Românești de către OPT Bank. Banca Românească este deținută de un alt grup grecesc, National Bank of Greece, potrivit TransylvaniaToday.ro. […]