Banca Transilvania has received the requisite approvals from the National Bank of Romania and the Romanian Competition Council for the acquisition of the shares that Eurobank Group holds in Bancpost, ERB Retail Services IFN and ERB Leasing IFN. This is a new stage in the Eurobank Group - BT transaction, following the signing of the transaction, which took place in November 2017. 

Next steps through to the merger:

• Closing of the transaction (closing), the stage at which Banca Transilvania becomes the owner of the shares held by Eurobank in Bancpost, ERB Retail Services and ERB Leasing (estimate: mid-April 2018);
• Integration of Bancpost, ERB Retail Services and ERB Leasing into the Banca Transilvania Financial Group (post-closing);
• Finalization of the integration.

Banca Transilvania’s strategy is to grow both organically and through acquisitions, supported by its strong capital base, excess liquidity and BT’s financial results to date.