Victoriabank successfully completes the merger with BCR Chișinău
Today, March 3, Victoriabank and BCR Chișinău become a single bank. The merger, which has reached the final stage, contributes to the growth of Victoriabank in the market of the Republic of Moldova.
Through the acquisition of BCR Chișinău, announced in 2024, Victoriabank marked a first on the market in the Republic of Moldova, a local bank purchasing entirely another banking institution from Moldova.
Financial impact of the BCR Chișinău acquisition:
- The consolidated net profit of Victoriabank for the year 2024 exceeded 1.1 billion lei, an increase of over 70% compared to 2023.
- The volume of credits increased by over 900 million lei.
- At the date of the merger, assets increased by 2 billion lei.
Victoriabank is increasing its presence in two areas, Chișinău and Bălți, and the team has expanded. Over 50% of BCR Chișinău employees are part of the Victoriabank team, and every fourth holds management positions.
This merger is an important step for our growth and for contributing to the strengthening of the banking market in the Republic of Moldova. We thank the teams of Victoriabank and BCR Chișinău for their professionalism, the partners - for their support, and the clients - for their trust. We are also grateful to the Transilvania Bank team for the expertise provided during this period.
Levon Khanikyan
President of the Management Committee
Victoriabank
The integration was coordinated by Vasile Donica, as CEO of BCR Chișinău, who returned to the top management team of Victoriabank, to the position of Corporate Vice President, previously held.
Information for BCR Chișinău clients who work with Victoriabank:
- Accounts, cards and client products originating from BCR Chișinău are now managed by Victoriabank.
- The benefits that BCR Chișinău's clients had were retained by Victoriabank.
- Welcome Offer at Victoriabank, which clients already benefit from, as well as details about Victoriabank's services and products can be accessed on a dedicated web page.
- Victoriabank team is available to clients with advice and details, at the phone numbers 1303 (call from any network) or +373 22 21 03 03 (call from abroad) and at the e-mail address suport@vb.md.
- For everyday banking, BCR Chișinău clients can use the applications VB24 Mobile, VB24 Web and VB24 Business.
- The Victoriabank Network includes over 60 units and over 250 ATMs, throughout the country.
The completion of the merger opens new opportunities for Victoriabank, which, by consolidating resources and operational capabilities, reaffirms its commitment to customers and shareholders.