Banca Transilvania received approval for the acquisition of Bancpost, ERB Retail Services IFN and ERB Leasing IFN

Banca Transilvania has received the relevant approvals from the National Bank of Romania and the Competition Council for the acquisition of Eurobank Group's shares in Bancpost, ERB Retail Services IFN and ERB Leasing IFN. This is a new step in the Eurobank Group - BT transaction, following the completion of the deal, which took place in November 2017. 

Next steps until the merger:

• Closing of the transaction(closing), the stage in 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 Banca Transilvania Financial Group(post-closing);
• Final integration.

Banca Transilvania's strategy is to grow organically and through acquisitions, a strategy supported by its solid capital base, surplus liquidity and BT's financial results so far.