VOLKSBANK
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Banca Transilvania, Volksbank Complete Merger
Romanian lender Banca Transilvania (TLV.RO) on Monday said it completed the merger with Volksbank Romania, adding that 10% of its 2.2 million clients and 400 of the 7,300 employees come from the acquired lender.
Integration Of Volksbank Into Banca Transilvania Completed By December 31
The integration of Volksbank into Banca Transilvania (TLV.RO) has reached the IT platform integration testing and simulation phase, and those in charge of the transition are preparing for th...
Volksbank Takeover Boosts Banca Transilvania’s Loan Volume
Banca Transilvania (TLV.RO), the third largest lender in Romania, expects net loan volume to rise by 42% to 25 billion lei (EUR5.6 billion) this year, following the merger with Volksbank Rom...
Volksbank Dissolves Asset Management Unit
Volksbank Romania will dissolve its asset management unit Volksbank Services, operating on the non-banking sector, according to a decision published on the Official Gazette.
Banca Transilvania To Merge With Volksbank Without New Share Issue
The merger between Romanian lender Banca Transilvania (TLV.RO) and Volksbank Romania (VB.RO) will be made through absorption, while Banca Transilvania’s share capital will not be changed and...
Romanian Banca Transilvania Gets Central Bank Clearance To Absorb Volksbank
Romanian lender Banca Transilvania (TLV.RO) has received central bank approval to merge and absorb Volksbank Romania on December 31, 2015, the bank said Monday.
Banca Transilvania Announces Completion Of Volksbank Romania Takeover
Romanian lender Banca Transilvania (TLV.RO) completed Tuesday the acquisition of Volksbank Romania, in a deal valued at more than 710 million euros.
Antitrust Authority Clears Volksbank Takeover By Banca Transilvania
Banca Transilvania (TLV.RO) announced Tuesday that it received all approvals from Romania’s Competition Council and the central bank (BNR) to take over Volksbank Romania.
Isarescu: Volksbank Was A Troubled Bank; Shareholders Had To Sell It With A Discount
Volksbank Romania was a bank with problems, from management to risk issues, with strong involvement in foreign currency loans, so that shareholders’ solution was to sell it with a discount,...