● The date of the merger of the two banks is 31 December 2018 ●

The shareholders of Banca Transilvania approved at the Extraordinary General Meeting held today, 16 October, the BT - Bancpost merger, which will take place on 31 December this year.

"Thank you to the shareholders for their confidence in approving the merger. Based on the Banca Transilvania - Bancpost synergies and seeing the results so far, we are confident that we will successfully complete the ambitious integration plan in December, when the two banks will merge" , says Horia Ciorcila, Chairman of the Board of Directors of BT.

In the coming period, BT will provide Bancpost customers with information about Banca Transilvania's correspondent products and services, as well as the BT Welcome Offer.

Banca Transilvania acquired Bancpost from Eurobank Group in April 2018 and currently holds over 99% of Bancpost's share capital. Subsequent to the acquisition, the integration of Bancpost into Banca Transilvania Financial Group was initiated, namely the process of obtaining approvals from the authorities. Thus, during September this year, Banca Transilvania obtained the merger authorization from the National Bank of Romania.

Until the end of the year, when the integration will be completed, the two banks will continue to operate separately. The last working day at Bancpost will be 28 December this year and the first working day of next year at Banca Transilvania will be 3 January 2019.

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