“I thank the shareholders for the trust granted by approving the merger. Based on the Banca Transilvania – Bancpost synergies and seeing the results so far, we are confident that we will successfully finalize the integration ambitious plan in December, when the two banks will merge, ” said Horia Ciorcila, Chairman of the BT Board of Directors.
In the upcoming period, BT will provide to Bancpost customers information regarding the corresponding products and services from Banca Transilvania, as well as the Welcome to BT Offer.
Banca Transilvania acquired Bancpost from Eurobank Group in April 2018, currently holding over 99% of Bancpost’s share capital. Following the acquisition, Bnaca Transilvania started integrating Bancpost into the Banca Transilvania Financial Group. In September 2018, Banca Transilvania obtained the merger authorization from the Romanian central bank.
The banks will continue to operate separately until the end of the year, when the integration is completed. The last working day at Bancpost will be December 28, 2018 and the first working day next year at Banca Transilvania will be January 3, 2019.