Tica Dumitru, head of Patria Bank’s retail division, said the bank is opening its 17th unit in Bucharest and strengthening its foothold in the northern part of Bucharest, an area with large business potential.
Patria Bank and Banca Comerciala Carpatica merged, as of May 1, 2017, becoming a single bank which will still be listed on the Bucharest Stock Exchange and will be named Patria Bank. The new bank will be present in 73 towns and cities across Romania, through 111 units, has over 240,000 clients and RON3.816 billion in assets.
Patria Bank Group is majority held by private equity fund Emerging Europe Accession Fund (EEAF) whose main investors are the European Bank for Reconstruction and Development (EBRD), the European Investment Fund (EIF), part of the European Investment Bank Group), the German Investment and Development Corporation (DEG), part of bank group KFW BSTDB (the Black Sea Trade and Development Bank (BSTDB).
Patria Bank Group includes Patria Bank, Banca Comerciala Carpatica, Patria Credit IFN, SAI Carpatica Asset Management and SAI Intercapital Invest.