Following pressure of international creditors, the Greece authorities decided to suspend the merger between the two parent banks of Bancpost and Banca Romaneasca. The two Greek banks, which were supposed to merge after the Greek banking system was strongly affected by the sovereign debt crisis, will be recapitalized individually and risk to end up under the state’s control.
Bancpost and Banca Romaneasca rank 10th and 12th in the Romanian banking system and together have a network of almost 400 branches and agencies and around 4,500 employees.
(English version by Daniela Stoican)