Getin Holding to take over Romanian International Bank

Newsroom 23/10/2013 | 12:52

Poland’s Getin Holding, the financial group, is set to acquire Romanian International Bank (RIB), reports Mediafax newswire, citing banking sources.

The RIB reported losses of EUR 2.4 million (RON equivalent) last year, and the lowest solvency rate in the banking system. The lender is controlled by Daniel Roberts and his former wife Florina Roberts, both American citizens holding a 44.7 percent stake.

The lender comes 36th in the Romanian banking system by assets.

Getin Holding, which is controlled by Polish businessman Leszek Czarneck (in picture), is one of the biggest listed companies on the Warsaw Stock Exchange.

The holding operates companies in Poland and Eastern Europe markets in the banking, financial intermediation, insurance and leasing sectors.

Getin Holding reported a first half net profit of EUR 27.7 million against EUR 124 million in the same period of last year. Its assets amounted to EUR 2.64 billion.

Ovidiu Posirca

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