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Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the National Bank of Romania.

2018-07-19 10:41:41

Part of its investment strategy in Romania, the Vardinogiannnis Group has already acquired Marfin Leasing, and thus further consolidates its presence on the Romanian financial market.
The Group operates in several industries, such as energy (refineries, gas station chains, natural gas and electricity), shipping and media.

"Vardinogiannis Group has strong financial power and extensive international business expertise. We believe in the local market's potential, and we are determined to develop our presence in a sustainable manner in the years to come and generate added value to the local business community", stated Georgios Taniskidis, representative of Vardinogiannis Group in Romania.

With a tradition of over 20 years on the Romanian financial mark, Marfin Bank has 30 branches and a total asset volume of approximately 2 billion RON. In 2017, the bank registered a net profit of 5.7 million RON.



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