Sources on the market said last week the antitrust authority had authorized the deal whereby OTP Bank Romania is acquiring Banca Romaneasca SA, as well as the Romanian assets of the London subsidiary and of the branch in Malta belonging to National Bank of Greece (NBG).
The deal also requires central bank approval.
Both OTP Bank Romania and Banca Romanească SA operate in the field of financial and banking services.
OTP Bank Romania is part of OTP Group which provides universal financial services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia.
Banca Romaneasca SA is a financial institution focusing mostly on the retail segment
This is OTP’s second acquisition in Romania after taking over Millenium Bank in 2014 from Portugal’s Millennium bcp.