Banca Romaneasca
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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.
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National signs off Banca Romaneasca
National Bank of Greece has signed the agreement for the sale of its Romanian subsidiary Banca Romaneasca to OTP Bank Nyrt, the Hungarian lender said in a statement Thursday. The acquisition will boost OTP's market share in Romania to about 4 percent.
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OTP to buy Banca Romaneasca from National Bank of Greece, report says
Hungary's OTP Bank has agreed a deal to buy Romania's Banca Romaneasca from the National Bank of Greece (NBG), two sources with knowledge of the deal told Reuters on Friday.
"There is a deal, NBG's unit will be sold to OTP," a source in Athens said.
Greece's National Bank to sell Romania, Serbia, Cyprus operations
Greece's second-largest lender National Bank (NBG) will sell more assets in the Balkans, including its Romanian operations, to complete a restructuring plan agreed with European authorities, its chief executive said on Tuesday.