BANCI | ENGLISH

Agreement between NBG and OTP Bank (Romania) for the sale of Banca Romaneaca

Trimite stirea unui prieten
Nume *
E-mail *
E-mail prieten *
Mesaj
Cod validare * Turing Number
Tastati codul din imagine (doar cifre)
195.154.184.126

Autor: Bancherul.ro
2017-07-27 08:27

​National Bank of Greece S.A. (“NBG”) announces the signing of a definitive agreement with ΟΤP Bank Romania (“OTP”) for the divestment to OTP of its 99.28% stake in its Romanian subsidiary Banca Romaneasca (“BROM”) and of a portfolio of Romanian-risk corporate loans (together the “Transaction”).

The Transaction is expected to increase NBG CET1 Ratio by c.5 bps(1) and, taking into account the repayment of the intra-group debt, strengthen its liquidity position by c.€650 million.

Leonidas Fragkiadakis, NBG CEO said: "The sale of BROM reaffirms our commitment to the successful implementation of the Bank restructuring plan and will further strengthen our capital ratios and liquidity position”.

Closing of the transaction is subject to approval from the National Bank of Hungary, the National Bank of Romania and anti-trust approvals.

Credit Suisse International is acting as exclusive financial advisor to NBG. Freshfields Bruckhaus Deringer is acting as international legal counsel and PeliFilip as local legal counsel to NBG.

Note 1: Impact on CET 1 ratio as of 31.03.2017

Source: NBG statement

Taguri: OTP Bank  mergers and acquisitions  Banca Romaneasca  fuziuni si achizitii  

Comentarii



Adauga un comentariu
Nume *:

E-mail *:
(nu se afiseaza pe site)
Subiect:
*
Comentariu:

Turing Number

Tastati codul din imagine (doar cifre)  



Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH



EU Regulation on cross-border payments

Frequently asked questions: Intra-EU cross-border payments Brussels, 14 February 2019 What did the Commission propose in 2018 and why? EU cross-border payments in euro are very cheap or even free in euro area Member States (priced as domestic payments) but still expensive in non-euro area Member States. The two amendments proposed by the Commission in March 2018 to the Regulation on cross-border payments will reduce the cost of intra-EU payments within the entire EU and unify the single retail payments market. This will benefit in particular citizens and businesses from the non-euro area Member States by letting them have access to cheaper intra-EU euro payments. Transactions made in EU currencies other than the euro are not detalii

National Bank of Romania (NBR) Board decisions on monetary policy: rate unchanged at 2,5%, risks stem from new fiscal measures

NBR Board decisions on monetary policy The annual CPI inflation rate continued to go down in December 2018 to 3.27 percent from 3.43 percent in November, moving deeper into the variation band of the flat target. Thus, the NBR fulfilled its objective of maintaining price detalii

On 1 January 1999, 11 EU countries launched a common currency, the euro

The euro, Europe´s common currency, turns 20 on 1 January 2019. Exactly 20 years ago, on 1 January 1999, 11 EU countries launched a common currency, the euro, and introduced a shared monetary policy under the European Central Bank. The historic moment was a milestone on a journey detalii

European Commission progress report on Romania under the Cooperation and Verification Mechanism

European Commission - Press release European Commission´s progress report on Romania under the Cooperation and Verification Mechanism Strasbourg, 13 November 2018 European Commission´s progress report on Romania under the Cooperation and detalii

Ultimele Comentarii

  • Ca sa vezi...

    2 habarnisti. Din pacate, o gramada de oameni se uita in gura lor. Si isi pierd timpul (si ... detalii

  • Ce vrăjeală

    4% costuri operaționale? De unde ? Efortul operațional de a acorda un credit de 1000 de lei este ... detalii

  • Dobanda Unicredit

    @Vasile Coman: Ar trebui sa precizati in articol ca este vorba despre dobanzile standard, nu cele ... detalii

  • ?

    @ Mihai Margineanu - Zavalaidanga ... detalii

  • Dobanda Unicredit

    Articolul a luat in calcul dobanzile standard, nu pe cele promotionale, valabile doar pe o perioada ... detalii