Na­tional signs off Banca Ro­maneasca

Kathimerini English - - Focus -

Na­tional Bank of Greece has signed the agree­ment for the sale of its Ro­ma­nian sub­sidiary Banca Ro­maneasca to OTP Bank Nyrt, the Hun­gar­ian lender said in a state­ment yes­ter­day. The ac­qui­si­tion will boost OTP’s mar­ket share in Ro­ma­nia to about 4 per­cent. The trans­ac­tion, whose fi­nan­cial terms were not dis­closed, is ex­pected to close by early 2018. The deal makes OTP the eighth-largest lender in Ro­ma­nia, and fur­ther transactions pos­si­ble in Ro­ma­nia af­ter Banca Ro­maneasca is fully in­te­grated, OTP deputy chief ex­ec­u­tive of­fi­cer Las­zlo Wolf said. Banca Ro­maneasca had a 1.6 per­cent

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