Banca Romaneasca attracts the interest of Banca Intesa Sanpaolo – report (translated)
06 SEP 2018
Italy’s Banca Intesa Sanpaolo [BIT:ISP] has joined the pool of potential bidders for Banca Romaneasca, the Romanian subsidiary of National Bank of Greece [OTCMKTS:NBGIF], Ziarul Financiar reported.
Citing banking sources, the item said the Italian bank and Romania’s Eximbank are the latest to submit non-binding bids.
The deadline for indicative offers is 24 September, the item noted.
So far, the list of potential buyers includes private equity funds JC Flowers and Axxess Capital, as well as Greece’s Vardinogiannis family - which all already control small Romanian banks, as reported.
In March, the National Bank of Romania declined to clear Banca Romaneasca’s acquisition by OTP Bank for EUR 650m.
Last year, Banca Romaneasca posted a net profit of RON 20m (EUR 4.3m) on assets worth RON 6.2bn.
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