Deloitte Romania acted as sell-side advisor to Polish financial institution Alior Bank’s branch in Romania in the sale of a loan portfolio of approximately 4,000 retail customers to Patria Bank. The transaction, which consists of performing consumer loans having a balance of approximately RON 97 million as at April 30, 2024, is expected to close in September 2024.
“We are honored to have been given the opportunity to provide advisory services in this transaction. This remarkable project underscores our commitment to delivering exceptional financial solutions to Alior Bank. The entire team’s dedication and expertise were key in achieving success, and we are thrilled to have contributed to this unique endeavor,” said Radu Dumitrescu, Financial Advisory Partner-in-Charge, Deloitte Romania.
The Deloitte Romania team was made of Radu Dumitrescu, Partner-in-Charge, Ionut Vasilescu, Deputy Director, and Iulia Georgescu, Senior Associate, from the Financial Advisory practice, which worked closely with the Deloitte team in Poland made of financial advisors Piotr Rudnicki, Deputy Director, and Karol Szczygielski, Associate.
Founded in 2008 by an Italian Group, Alior Bank is the eighth largest banking group in Poland in terms of assets. It is listed on the Warsaw Stock Exchange and is a component of the WIG20 stock market index. The biggest shareholder of Alior Bank is the PZU Group, one of the largest financial institutions in Poland and in Central and Eastern Europe.
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