National Bank of Greece (“NBG”) announces the signing of a definitive agreement with ExportImport Bank of Romania (“EximBank”) for the sale of its 99.28% stake in Banca Romaneasca (“BROM”).

The Transaction is expected to increase NBG’s CET1 ratio by c.26 bps and strengthen its liquidity position by c.€314 million, after taking into account the repayment of the intra-group debt.

Closing of the transaction is subject to approval from the National Bank of Romania and the Romanian Competition Council.

Source: NBG.gr