Upon the completion of this transaction, EximBank’s market share will grow to approximately 3%, placing it among the top ten financial-banking institutions in Romania.
Finance Minister Eugen Teodorovici said the Finance Ministry, as a majority shareholder of EximBank, is confident the new entity will act as a major factor bolstering Romania’s economic growth through financial support to be granted to all market segments, be it natural persons or companies
EximBank Executive President, Traian Halalai, said he is pleased to announce a transaction that will create a Romanian benchmark lender which will turn to advantage both Banca Romaneasca’s expertise on the retail banking segment, and the proven ability of EximBank to uphold the Romanian business environment.
Since its inception 27 years ago, EximBank has constantly reinvented itself and modernized in order to keep up with the evolution of the banking system and with the sophisticated customer demands.
The completion of the transaction awaits the fulfilment of all applicable regulatory requirements.
J.P. Morgan Securities plc acted as a sole financial advisor within the transaction. EximBank was also assisted by Pricewaterhouse Coopers Management Consultants SRL, while Linklaters LLP acted as legal advisor abroad, and Bulboaca&Asociații SCA provided legal assistance locally.