US EditionRaiffeisen Bank to Acquire Romanian Business of BBVA's Garanti
20 Articles
20 Articles
The Austrian bank Raiffeisen Bank International (RBI) announced Saturday morning the purchase for 591 million euros of 100% of Garanti Bank Romania, a subsidiary of BBVA, to become the third bank of the Balkan country.Continue reading...
Raiffeisen Bank International announced on Saturday that it would take over the Romanian business units of BBVA subsidiary Garanti for EUR 591 million. By merging the acquired companies with the Romanian units of RBI, it is expected that operational and cost-side synergies will be realised. The acquisition will make Raffeisen the third largest bank in Romania, as measured by the balance sheet total, according to RBI. "RBI has a strong capital ba…
Raiffeisen Bank reached an agreement to buy 100% of the shares of the Group Guarantee BBVA Romania (Garanti Bank S.A. and Lending Division of Motoractive IFN S.A.), announced Raiffeisen Saturday morning through a communiqué. The Austrian banking group Raiffeisen Bank International was in negotiations for some time. According to Reuters, the purchase of the Romanian division of Garanti ...
Raiffeisen Bank to Acquire Romanian Business of BBVA's Garanti
Raiffeisen Bank to Acquire Romanian Business of BBVA's Garanti Raiffeisen Bank, one of Austria's leading financial institutions, announced on Saturday its decision to purchase the Romanian business of BBVA's Garanti unit for a price of 591 million euros, equivalent to around $680 million.This acquisition represents a strategic push for Raiffeisen Bank, as it seeks to enhance its presence in Romania. With this move, the bank demonstrates a clear …
Raiffeisen Bank has reached an agreement to buy 100% of the shares Guarantee BBVA Romania, in a transaction where the price of the vehicle rises to 591 million euros. The move represents a strong Austrian capital bank in the fight for the local banking system while Garanti leaves the market after about three decades. [...]
The Austrian Bank Raiffeisen Bank confirmed Saturday evening the signing of the contract for the purchase Waranti BBVA Romania, including the lease companies and the management services of the fleet held by the Spanish BBVA group.
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