Pe scurt si cu talc | ENGLISH

Vista Bank acquires Crédit Agricole Romania

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
2021-01-05 09:13

Vista Bank announces the agreement with Crédit Agricole Group for the acquisition of the shares (100%) in Crédit Agricole Romania, according to a statement.

The acquisition is pending to the approval by the National Bank of Romania and the Romanian Competition Council and is expected to be finalized during the 1st half of the year.

Once the acquisition is completed, Vista Bank will have total assets of above €1.2 billion, loans of €750 million, deposits of €1.1 billion and more than €105 million CET1 capital.

Mr. Stavros Lekkakos, Chairman of Vista Bank Board of Directors says: “The acquisition of Crédit Agricole Romania represents a key milestone for Vista Bank and is in alignment with our strategy to further increase and consolidate our position in the market. We are focused to support the Romanian economy creating value for all the stakeholders, customers, employees, shareholders. We would like to thank the representatives of Crédit Agricole for their cooperation and professionalism in this transaction.”

PWC and David & Baias provided tax & legal advice, while Deloitte conducted financial due diligence on certain matters. 

Vista Bank is operating in Romania since 1998 through a network of 31 branches and 320 employees providing a full range of products and services to local and international clients. For more information, please visit www.vistabank.ro

Crédit Agricole (Romania) has a network of 14 branches, total assets of €535 million, deposits of €410 million and loans of €395 million.

Taguri: Vista Bank  Credit Agricole  

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



National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%

Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income

Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter

Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits

On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

No progress for the time being in Revolut becoming a subsidiary bank

Revolut Bank has still not submitted its application for being licensed as a subsidiary bank in Hungary, despite the fact that the MNB is continuously pressing for it, bearing in mind the security of several hundred thousand Hungarian customers and potential depositors and the stability of the detalii

 



 

Ultimele Comentarii