“The transaction was approved by Romania’s Competition Council, with the three banks firmly undertaking to observe the measures that will ensure the compliance with the antitrust rules,” the banks said.
Through this transaction, the three banks seek to “optimize, develop and streamline the transportation and processing of cash, by consolidating this market segment, and also to follow the international trend of collaboration between the actors on the banking market in this field of activity.”
On the short and medium term, the three partners target the accelerated development of CIT One’s activity.