Banca Transilvania has become a shareholder of Victoriabank
Banca Transilvania has become a shareholder of Victoriabank, the third largest bank in the Republic of Moldova, with a total participation of over 66 per cent alongside the European Bank for Reconstruction and Development. 2018-01-17 11:45:39
BT and EBRD are majority shareholders and strategic partners of Victoriabank, who wish to support the entrepreneurs and the economy of the Republic of Moldova.
It is for the first time in the past 10 years when a bank outside the Republic of Moldova is investing on this market, as BT is paving the path for future investments in the neighboring country.
Banca Transilvania announced its plan to invest in Moldova in November 2017 and, in the meantime, this acquisition was approved by the supervisory authorities from both Romania and the Republic of Moldova – the National Bank of Romania, the National Bank of Moldova and the Competition Council of the Republic of Moldova.
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