Transilvania Bank became the majority shareholder of the share package (99.15%) held by Eurobank Group at Bancpost, respectively of the shares held at ERB Retail Services IFN and ERB Leasing IFN. With the completion of the transaction between Eurobank Group and BT, the integration of these entities into the Banca Transilvania Financial Group begins.

Bancpost was acquired at 75% of the net asset value, for approximately 178.67 million euros. For ERB Retail IFN, BT paid 40.42 million euros (77% of the market price of the shares/book value), and for ERB Leasing IFN, 6.79 million euros (63% of the market price of the shares/book value). Additionally, Banca Transilvania took over a subordinated loan amounting to 80 million euros for Bancpost.

"The acquisition of Bancpost is a very important moment in the story of Banca Transilvania and a step forward in our strategy to consolidate our position on the market. An ambitious integration plan follows in the BT Group, based on the synergies of Banca Transilvania - Bancpost. We are ready to adapt to the new dimension on which bank he/she/it will have ita, and the firm commitment of BT remains support entrepreneurs and the Romanian economy. We thank the representatives of Eurobank and Bancpost for the professional approach and the collaboration that led to the success of this transaction”, declared Horia Ciorcila, Chairman of the Board of Directors, BT.

Integration management

Banca Transilvania has mandated Leontin Toderici, Deputy General Director - Chief Operations Officer within Banca Transilvania, to coordinate the integration into the BT Financial Group, an integration that will be carried out through the involvement of the teams of both banks, BT and Bancpost. Leontin Toderici has over 20 years of experience in banking, holds a PhD in economic informatics, and is an EMBA graduate.

Details for Bancpost customers, ERB Retail Services IFN and ERB Leasing IFN

• For operations, services and consulting, clients must continue to address the respective entities.
• Conturile clientilor Bancpost raman la Bancpost pana la finalizarea integrarii Bancpost, ERB Retail Services IFN si ERB Leasing IFN in Grupul Financiar BT.
• Contact information: 0800 110 200; 021 3020 789; infocenter@bancpost.ro

Banca Transilvania & Bancpost

With over 13% market share, Banca Transilvania is the second bank in Romania. BT has over 2.2 million clients, around 7,000 employees, and nearly 500 offices. It is the first banking institution that was listed on the Bucharest Stock Exchange and the only Romanian banking brand in the Brand Finance 500 Ranking 2018. Bancpost is in 9th place in the top banks, has nearly 3% of the market, over 1 million clients, and 147 offices.

BT Partners

Banca Transilvania collaborates with A.T. Kearney Management Consulting for planning the integration of Bancpost, ERB Retail Services IFN and ERB Leasing IFN into the BT Financial Group.

For acquisition, the sole financial advisor for Banca Transilvania was Barclays Bank PLC, legal consulting was provided by PeliFilip, and financial consulting for accounting and due diligence aspects was provided by Deloitte.

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