EBRD and Banca Transilvania join forces to become majority shareholders of Moldova’s Victoriabank

2017/11/8 13:10:20

This is the first foreign bank investor in the Moldovan market in ten years



By Olga Rosca @olgarosca for EBRD, Nov 7, 2017


Romania’s Banca Transilvania intends to acquire an initial stake of over 39 per cent in Victoriabank, Moldova’s third-largest bank.


Banca Transilvania has requested the approval for the acquisition from the banking regulators and other relevant authorities of Romania and Moldova. This will be the first time a foreign bank investor has entered the Moldovan market since 2007.


As a result of the planned investment, Banca Transilvania and the EBRD will jointly hold a controlling stake in Victoriabank. In line with the law they will then offer to buy the remaining shares.



http://www.ebrd.com/news/2017/ebrd-an ... oldovas-victoriabank.html


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