26.2 C
Bucharest
July 31, 2021
BUSINESS

Bank merger: Carpatica to absorb Nextebank

Some analysts’ forecasts according to which the number of banks on the Romanian market might fall by 50 per cent appear to be coming true. Mergers, absorptions and associations have kept taking place in recent weeks.
The newest event in this domain is announced for today. The actors are two Romanian bank entities. Banca Comerciala Carpatica (BCC) has convened its general shareholders’ assembly for December 19, in order to approve the merger through absorption with Nextebank, as a consequence of the offer received from the latter on November 14, the Bucharest Stock Exchange informs.
The document points out that BCC is considering raising its registered capital by a maximum of RON 155 M through one or more issuances of ordinary bonds over a period of one year after the delegation is approved by shareholders.
If the process is successfully finalized and will obtain the complete agreement of the Central Bank, the Romanian banking market will have three strong banks with Romanian state or private capital, namely CEC Bank, Eximbank and Carpatica, plus several others of lesser importance.

Related posts

Renault Latitude, starting price – EUR 21,000

Test

A first for the Romanian Rugby Cup: the big final to be played in Alba Iulia

Nine O' Clock

ClusterPower, the largest data center in Romania and the sixth largest in Europe begins construction near Craiova

NINE O'CLOCK