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National Bank of Greece interested to take over Banca Transilvania

Banca Transilvania could be the main target of acquisition for the Greek financial group National Bank of Greece (NBG) which gathered 1.25 billion euro from investors, according to the press agency Axia Plus quoted by Ziarul Financiar. The Greek press writes that the investment fund Marfin Investment Group (MIG) would negotiate the take over of Banca Transilvania.

National Bank of Greece which owns Banca Romaneasca is interested by new acquisitions on the Romanian market, with almost one billion euro for the acquisition of assets. Besides Banca Transilvania, the Greek group is interested in RBS Bank Romania, the local division of Royal Bank of Scotland.
Cel mai mare actionar al institutiei este BERD, cu o participatie de 14,97% la finele lunii februarie.
Banca Transilvania is the biggest bank with Romanian majority capital. The institution had at the end of last year the seventh place in the Romanian banking sector, with a market share of 5.4% shares.
Over Q1 of this year, the bank made a profit of 1.02 million lei, with 98% less than during the same period of last year.
National Bank of Greece is the biggest bank in Greece according to assets. The group is present on the Romanian market through Banca Romaneasca where they own 88.7% of the shares.