Banca Transilvania expects the takeover to be completed in the first half of April 2015, the lender said in a statement sent Tuesday to the Bucharest Stock Exchange.
Earlier Tuesday, the antitrust authority announced it has cleared Banca Transilvania takeover of Volksbank Romania.
Banca Transilvania was able to get involved in the operations of the acquired bank before receiving clearance, by special derogation from the antitrust authority, issued at the end of January.
Banca Transilvania, the third largest bank in Romania by assets, signed a binding agreement in December 2014 to take over Volksbank Romania. The financial details of the deal have not been made public.