Banca Transilvania

Bucharest, Aug 27 /Agerpres/ - The Bucharest Stock Exchange closed upwards the last trading session of the week, with a value of transactions of 49.08 million lei (9.95 million euros). The main BET index appreciated by 0.59%, to 12,389.58 points, and BET-Plus, which shows the evolution of the most liquid 37 shares, recorded a similar increase.

Banca Transilvania Group's net consolidated profit for the first half of 2021 stands at 1.015 billion lei, up 47.2 percent compared to the same period last year, with the bank's profit standing at 901 million lei (48.3 percent higher YoY), the group said in a report to the Bucharest Stock Exchange.

The main and enduring message of the National Bank of Romania (BNR) for the National Bank of Moldova is that of a sustainable and robust partnership, BNR governor Mugur Isarescu said on Friday at the signing ceremony of the new Cooperation Agreement between the Romanian and the Moldovan central banks.

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.

Eurobank will maintain its Balkan footprint in Bulgaria, Serbia and Cyprus after pulling out of Romania, its deputy CEO said on Tuesday, expecting the group's subsidiaries there to double their profitability over the next few years.

Banca Transilvania, Romania's second-largest bank said on Friday it has reached an agreement with Greece's Eurobank to buy its Romanian subsidiary Bancpost and will sign the contract later in the day.

The deal, which will be subject to regulatory approval, will also give Banca Transilvania stakes in ERB Retail Services and ERB Leasing, part of the Romanaian group.

Greece's Eurobank said it is close to finalizing a deal to sell its Romanian subsidiaries to Banca Transilvania.

The potential sale is part of a restructuring plan agreed by Greece's third largest lender with European Union authorities, and includes Romanian units Bancpost, ERB Retail Servces IFN and ERB Leasing IFN.

Eurobank is in talks with Banca Transilvania to sell its subsidiaries in Romania as part of a restructuring plan agreed by Greece's third largest lender with European Union authorities.

The sale would close a decade-long chapter of ambitions by Eurobank and other Greek lenders to spread their wings abroad after the country's debt crisis forced them to retreat.

Listed company Hellenic Exchanges announced that its first-quarter net profit amounted to 4.1 million euros against 4.8 million a year earlier.

Turnover dropped to 10.1 million euros from 10.3 million in 2014, and its net profit per share came to 0.05 euros down from 0.08 euros per share last year. [Reuters]

In a first such move in Romania, Volksbank on Tuesday started to contact its customers with loans in Swiss francs to present them an offer to convert their loans into lei, Romania's national currency.