The operation will mainly involve the conversion of a RON85.4 million debt to Greek parent group EFG Eurobank.
Other EFG Eurobank operations on the Romanian market, aside from Bancpost, include EFG Retail Services IFN, EFG Eurobank Finance – Romania, EFG Eurobank Securities – Romania, EFG Eurobank Leasing, EFG Eurobank Property Services, EFG IT Shared Services, EFG Eurolife Asigurari Generale and EFG Eurolife Asigurari de Viata.
The managing boards of Greek lenders EFG Eurobank and Alpha Bank decided end-August to merge. The merger, pending shareholder approval, would create the largest lender in Greece and Southeast Europe. The new structure would be 57.7% owned by Alpha Bank shareholders, while the Eurobank holders would own 42.5%.
In Romania, the merger would create the third-largest lender, with an overall amount of loans reaching EUR6.937 billion.