The antitrust watchdog assessed the economic concentration operation in terms of its compatibility with the normal competitive environment and found it poses no significant obstacles in terms of actual competition on the Romanian market, or on a significant part of it, especially by creating or consolidating a dominant position.
First Bank is a credit institution providing a wide range of banking services for natural persons and legal entities. First Bank is held by JCF IV Tiger Holdings S.a.r.l., whose majority stake is owned by J.C. Flowers IV, L.P., a fund advised by J.C. Flowers & Co. LLC, an entity registered at the United States Securities and Exchange Commission.
Bank Leumi Romania SA is part of Bank Leumi Group and provides banking services for natural persons and legal entities, including current accounts, deposits or financing and lending facilities.