At the end of 2014, Banca Comerciala Carpatica, controlled by businessman Ilie Carabulea, had assets of RON3.25 billion and its net loss stood at RON169.5 million.
The balance of loans declined 25.8% in 2015 to RON772.17 million, from RON1.04 billion a year before. The net interest income fell 28% to RON47.9 million, while the commission income decreased to RON21.55 million from RON24.57 million. Customer deposits fell nearly 2% to RON2.85 billion.
Nextebank submitted a non-binding bid to Banca Comerciala Carpatica on the last day of 2015, in order to subscribe within a share capital increase offer, but wants to conduct an in-depth analysis of the bank’s situation and to enjoy exclusivity until January 26.
Nextebank wants to perform due diligence in order to evaluate Banca Carpatica’s situation, assessing all aspects, associated benefits and risks, for the period between May 31, 2014 and the end of the year. Procedures are expected to be completed until January 22, considering that all information required is put at disposal in due time.
After the Executive Board of BCC sent an invitation to Nextebank to subscribe BCC’s shares left unsubscribed following the exertion of the preference right, Nextebank, in turn, submitted a non-binding and conditional offer on December 31 which was accepted by BCC Executive Board on Monday, January 4, according to a report of BCC sent to the Bucharest Stock Exchange.
Nextebank wants to perform due diligence in order to evaluate Banca Carpatica’s situation, assessing all aspects, associated benefits and risks, for the period between May 31, 2014 and the end of the year. Procedures are expected to be completed until January 22, considering that all information required is put at disposal in due time.
Carpatica last traded on the Bucharest Stock Exchange at RON0.0936/share. Considering this price, the bank’s market capitalization is RON103.08 million.