Banca Romaneasca

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Banca Romaneasca SA Membra a Grupului National Bank of Greece

National Bank considers options after Romanian subsidiary's sale is rejected

Greece's National Bank (NBG) said on Monday it is considering other options on its Romanian subsidiary Banca Romaneasca after Romania's central bank rejected a deal to sell the unit to Hungary's OTP Bank .

NBG had agreed in July last year to sell 99.28 percent of Banca Romaneasca to OTP Bank Romania, a unit of OTP Bank, as part of an EU-approved restructuring plan.

Romanian Banca Transilvania gets approval to buy Greek Eurobank's Bancpost

Romanian lender Banca Transilvania said on Friday it has received regulatory approval from the country's competition watchdog and the central bank to buy Greek Eurobank's Romanian subsidiary Bancpost.

"Banca Transilvania estimates that the closing of the transaction regarding the acquisition of Bancpost will take place during the first half of April 2018," it said in a statement.

Sale of NBG's Romanian subsidiary is rejected

Romania's central bank said on Thursday it had rejected Hungary's OTP Bank's acquisition of Banca Romaneasca, despite the competition watchdog clearing the purchase late last year.

OTP signed a deal in July with National Bank of Greece to purchase Banca Romaneasca.

But the sale, which had been expected to close later this year, needed regulatory approval by the central bank.