Vista Bank acquires Credit Agricole Romania, BNR and Competition Council's clearance still needed
Publicat:Vista Bank announced the conclusion of a deal to acquire a full 100 percent stake in Credit Agricole Romania; the acquisition is expected to be completed during the first half of this year, after it gets the approval of the National Bank of Romania (BNR) and of the Competition Council, the bank said in a release.
After the acquisition is completed, Vista Bank will hold total assets of over 1.2 billion euros, loans worth 750 million euros, deposits worth 1.1 billion euros and over 105 million euro worth of Common Equity Tier 1 capital.
The acquisition of Credit Agricole Romania…
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