UniCredit Tiriac Bank takes over corporate clients’ portfolio of RBS Romania

UniCredit Tiriac Bank has taken over Royal Bank of Scotland (RBS) Romania’s portfolio of corporate clients, with assets of approximately 260 million euros and corporate deposits of 315 million euros, a joint media release of the two banks informed on Tuesday.

‘UniCredit Tiriac Bank Plc and the Romanian subsidiary of the Royal Bank of Scotland Plc, Edinburgh, (RBS Romania) have signed an agreement on the takeover of RBS Romania’s corporate clients portfolio by UniCredit Tiriac Bank. The deal concerns a total assets portfolio of roughly 260 million euros, and corporate deposits of roughly 315 million euros. RBS Romania’s portfolio consists in more than 500 medium and large size private companies, both local and international, and of public and financial institutions,’ the document mentions.

According to this source, RBS Romania’s employees will be transferred to UniCredit Tiriac Bank following consultations with the social partners. The deal will be completed after the necessary approval by the Competition Council.

The two banks announced that all the clients will receive detailed information on the transfer, and their contract conditions will not change; neither will the technical details of the products and services offer.

UniCredit Tiriac Bank has already taken over RBS Romania’s retail and Royal Preferred Banking clients portfolio last year

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