BANCI | ENGLISH

OTP Bank could appeal National Bank of Romania decision to deny Banca Romaneasca takeover

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
2018-03-19 11:54

OTP Bank statement:

OTP Bank Plc. („OTP Bank”) informs hereby the capital markets that the National Bank of Romania in a management letter notified OTP Bank’s Romanian subsidiary bank on 14 March 2018 that it did not grant its approval for the acquisition of the 99.28% shareholding held by National Bank of Greece S.A. in Romanian Banca Romaneasca S.A. and the acquisition of other Romanian exposures of other Romanian subsidiaries of National Bank of Greece S.A. by OTP Bank Romania S.A.

The management is analyzing the legal aspects of the letter of the supervisory authority, the deadline for appealing against the objection is 29 March 2018.

Nevertheless, OTP Bank’s management is still committed to enhance its presence in Romania via organic growth or further acquisitions.

Simultaneously, OTP Bank adheres to its acquisition strategy dedicated to the Central and Eastern European region and beyond the capital required for organic growth the management intends to allocate significant part of the generated excess capital for further value-creating acquisitions.

Taguri: Banca Nationala a Romaniei  OTP Bank  

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



IMF concludes visit to Romania

IMF Staff Concludes Visit to Romania (press realease): End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the detalii

Digitalization will make most traditional banks irrelevant by 2030, according to a Gartner report

By 2030, 80 percent of heritage financial services firms will go out of business, become commoditized or exist only formally but not competing effectively, according to a Gartner statement. These firms will struggle for relevance as global digital platforms, fintech companies and other detalii

Erste Group aquires minority stake in BCR from SIF Oltenia

Erste Group and SIF Oltenia announce the preliminary agreement for the acquisition of a 6.29% stake in BCR, according to a statement. - Erste Group to acquire the entire stake held by SIF Oltenia in Banca Comerciala Romana for EUR 140 million - The execution of the transaction is detalii

Discursul guvernatorului BNR, Mugur Isarescu, la conferinta EUROFI din Sofia

Discurs de încheiere la evenimentul THE EUROFI HIGH LEVEL SEMINAR 2018 (lb. engleză) Mugur Isărescu, guvernatorul BNR Distinguished Guests,
Ladies and gentlemen, I am honored to be invited to give a few closing remarks at this EUROFI detalii