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Banca Transilvania acquires Bancpost, ERB Retail Services IFN and ERB Leasing IFN

Banca Transilvania has become the owner of the majority of shares (99.15 per cent) held by Eurobank Group in Bancpost, as well as the owner of shares held in ERB Retail Services IFN and ERB Leasing IFN.

2018-04-04 12:16:45

BT will soon begin the integration of these entities within the Banca Transilvania Financial Group.
Bancpost was acquired at 75 per cent of its net assets value, for a total of 178.6 million Euro.

For the non-banking financial retail subsidiary, BT paid 40.4 million Euro, while the acquisition of the leasing subsidiary cost 6.7 million Euro. In addition, BT reimbursed the subordinated loan amounting to 80 million Euro on behalf of Bancpost.

BT has nominated Leontin Toderici, Deputy General Manager – COO in BT, to coordinate the integration of these entities within the Financial Group. Toderici has over 20 years of banking experience, a PhD in economy applied informatics and an executive MBA.



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