Competition Council approves Banca Romaneasca takeover by OTP Bank Romania

Georgiana Bendre 18/12/2017 | 16:14

Competition Council approves the takeover of Banca Romaneasca and some of its Romanian assets by OTP Bank Romania.

According to a release of the Competition Council, the decision will be published on the institution’s  site after the elimination of confidential information.

“The analysis of the Competition Council concluded that the economic concentration operation doesn’t bring any significant obstacles in the effective competition on the national market or a part of it,” says the institution.

Banca Romaneasca is a member of the National Group Bank of Greece. The Romanian assets are affiliated to the London subsidiary, respectively the subsidiary from Malta owned by National Bank of Greece SA.

Both OTP Bank Romania, as well as the Romanian Bank operate in the financial and banking services.

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