03.24.2016

Patria Credit (former Nextebank) has increased its stake in Romanian lender Banca Comerciala Carpatica (BCC.RO) to 64%, after the completion of the mandatory takeover bid initiated at the beginning of more

03.15.2016

Banca Transilvania, the third leading lender in Romania, took the market by surprise on Monday when it announced a new acquisition merely one year from the takeover of Volksbank Romania. more

03.02.2016

Romania’s Competition Council has cleared the takeover of Banca Comerciala Carpatica (BCC.RO) by Nextebank, arguing it poses no problem in terms of compatibility with the competitive environment, more

02.25.2016

Nextebank has received the approval of Romania’s Financial Supervisory Authority ASF for a public offer of mandatory takeover of Banca Comerciala Carpatica (BCC.RO), targeting a 45.2% stake it does more

02.16.2016

Romania’s Competition Council on Tuesday said it is looking into the takeover of Banca Comerciala Carpatica (BCC.RO) and the entities it controls by Nextebank. more

02.15.2016

Romanian lender Banca Transilvania (TLV.RO) reported a net profit of RON2.42 billion (EUR544 million) last year, fivefold and a half higher than in 2014, including the gain from the acquisition of more

01.29.2016

Nextebank on Friday completed the acquisition of a majority stake of over 54.79% in Banca Comerciala Carpatica (BCC. RO), after it bought a stake from several shareholders and subscribed within the more

01.28.2016

Romanian businessman Ilie Carabulea and four other shareholders of Banca Comerciala Carpatica (BCC. RO), acting in concert with Carabulea, sold a 20% stake in BCC to Nextebank, for RON23.1 million more

01.26.2016

Nextebank will subscribe, by Friday, shares worth RON98.6 million to the share capital of Banca Comerciala Carpatica (BCC.RO), and plans to subsequently propose the shareholders of Banca Comerciala more

01.26.2016

Romanian lender Banca Comerciala Carpatica (BCC.RO) halved its net loss down to RON85.43 million in 2015, from RON169.5 million a year before, but its assets also saw a decline, falling by 4.7% to more

01.04.2016

Nextebank submitted a non-binding bid to Banca Comerciala Carpatica (BCC), on the last day of 2015, in order to subscribe within a share capital increase offer, but wants to conduct an in-depth more

01.04.2016

Romanian lender Banca Transilvania (TLV.RO) on Monday said it completed the merger with Volksbank Romania, adding that 10% of its 2.2 million clients and 400 of the 7,300 employees come from the more

01.04.2016

What should have been the most important event of 2015 in the Romanian banking sector, the entry of private investment firm JC Flowers via the acquisition of two banks, Piraeus and Carpatica, fell more

12.22.2015

Romanian lender Banca Transilvania has received financing of EUR75 million from the European Investment Bank (EIB), the second tranche of a loan of EUR150 million, which will be used to finance more

11.19.2015

Romanian real estate developer Impact Developer&Contractor (IMP.RO) will borrow RON22.3 million (EUR5 million) from Banca Transilvania (TLV.RO), to develop real estate project Cartierul Salcamilor in more

11.13.2015

The European Bank for Reconstruction and Development (EBRD) sold Friday 86.76 million shares in Romanian lender Banca Transilvania (TLV.RO), in an accelerated bookbuild placement on the Bucharest more

11.10.2015

Romanian lender Banca Transilvania (TLV.RO) on Tuesday said its assets rose 10.6% to RON39.39 billion, after the integration of Volksbank, and its pretax profit inched down 0.6% to RON373.5 million on more

10.30.2015

Romanian lender Banca Comerciala Carpatica (BCC.RO) widened its loss in the first nine months of the year to RON26.5 million, from RON21.7 million in the same period last year, as its revenue declined more

10.13.2015

Significant shareholders of Banca Transilvania (TLV.RO), such as regional investment fund SIF Moldova (SIF2.RO), Roberto Marco Marzanati, Radu Palagheanu and Horia Ciorcila, the bank chairman, have more

10.05.2015

The integration of Volksbank into Banca Transilvania (TLV.RO) has reached the IT platform integration testing and simulation phase, and those in charge of the transition are preparing for the final more

09.17.2015

Romanian lender Banca Transilvania (TLV.RO) will start Thursday a new buyback program targeting the acquisition of 10 million own shares for maximum 3 lei/unit until mid-December. more

09.14.2015

Banca Transilvania (TLV.RO), the third largest lender in Romania, expects net loan volume to rise by 42% to 25 billion lei (EUR5.6 billion) this year, following the merger with Volksbank Romania. more

09.03.2015

The merger between Romanian lender Banca Transilvania (TLV.RO) and Volksbank Romania (VB.RO) will be made through absorption, while Banca Transilvania’s share capital will not be changed and the more

08.31.2015

Romanian lender Banca Transilvania (TLV.RO) has received central bank approval to merge and absorb Volksbank Romania on December 31, 2015, the bank said Monday. more

08.26.2015

Raiffeisen Bank has come to an agreement to take over Germany’s Schwabisch Hall’s 33.3% stake in Romanian housing bank Raiffeisen Banca pentru Locuinte (RBL). more