M&A alert. Cetelem merges with BNP Paribas

Georgiana Bendre 19/07/2017 | 12:47

Consumer loans provider Cetelem IFN will merge with BNP Paribas (France), the sole shareholder of the company. The operation has been approved by the shareholders.

The merger’s objective is to simplify the legal structure of the personal financial need activity of BNP Paribas, while Cetelem will cotinue its activity as usual.

Cetelem is set up under the name Credisson International SRL and has been present on the Romanian market for 14 years. It has over one million clients. In 2016, Cetelem had a net profit of RON 77.4 million, from RON 52.18 million in 2015 and total revenues of RON 411.5 million, compared with RON 353.74 million in the previous year.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Georgiana Bendre | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue