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Merger between Banca Comerciala Carpatica and Patria Bank approved by Bucharest Court of Appeal

Bucharest Court of Appeal approved on April 21, 2017 the merger file between Banca Comerciala Carpatica and Patria Bank, allowing to the two banks to complete all the procedural and operational steps for the effective implementation of the merger in the very next future.

2017-04-24 10:35:21

Patria Bank and Banca Comerciala Carpatica will become one bank that will continue to be listed on the Stock Exchange and will be named Patria Bank. The new bank will be present in 73 cities at national level through 111 branches, will have more than 240,000 clients and 3,816 billion RON (848 billion Euro) in assets, focused to increase the access to baking services for Romanian population and to support the local entrepreneurs.

At this point, the estimated date of the implementation of the merger is 1 May 2017, the date being conditioned by the issuance of the court decision confirming the legality of the decisions of the general meetings of the shareholders of the two banks regarding the approval of the absorption merger between Banca Comerciala Carpatica (absorbing entity) and Patria Bank (absorbed entity) and it is ordered the registration at the Trade Registry.



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