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COVID-19 will accelerate the CEE banking sector consolidation, Deloitte says


The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania.
Romania was one of the busiest markets in the CEE region in terms of banking mergers and acquisitions (M&A), with three transactions between 2019 and September 2020: Olimpiu Balas acquired 63% of Banca Comerciala Feroviara, EximBank Romania took over 99% of Banca Romaneasca and J.C. Flowers bought 100% of Bank Leumi Romania. According to Deloitte Romania’s analysis on the local M&A market in 2020, the financial sector was among the most active ones last year considering the number of transactions. ....

Czech Republic , Radu Dumitrescu , Olimpiu Balas , Banca Comerciala Feroviara , Banca Romaneasca , Bank Leumi Romania , Danske Bank , Piraeus Bank , Eastern Europe , Eximbank Romania , Bank Leumi , Deloitte Romania , Financial Advisory Partner In Charge , செக் குடியரசு , ராடு துமிற்ரேஸ்கூ , பாங்கா ரோமனெஆஸ்க , வங்கி லுமி ரோமானியா , கிழக்கு யூரோப் , வங்கி லுமி , டெலோய்ட்டே ரோமானியா ,

National Bank of Greece to sell 174 mln euro Romanian NPLs portfolio to Bain Capital Credit


National Bank of Greece to sell 174 mln euro Romanian NPLs portfolio to Bain Capital Credit
Deal, business, corporate contracts
BUCHAREST (Romania), December 22 (SeeNews) - ​National Bank of Greece (NBG) said on Tuesday that it has entered into a definite agreement with Bain Capital Credit for the disposal of a 174 million euro ($211 million) Romanian-risk corporate NPLs portfolio.
The closing of the transaction is subject to standard conditions precedent, including the approval of the transaction by the anti-trust authority in Romania, as well as the consent of the Hellenic Financial Stability Fund, NBG said in a press release.
The transaction is being implemented in the context of NBG’s non-performing exposure deleveraging strategy and in accordance with the Operational Targets submitted to the Single Supervisory Mechanism and has a neutral capital impact to the bank, NBG added. ....

Garanta Asigurari , National Bank , Deloitte Business Solutions , Hellenic Financial Stability Fund , Cameron Mckenna Nabarro Olswang , Bain Capital Credit , Operational Targets , Single Supervisory Mechanism , Mckenna Nabarro Olswang , South Eastern Europe , Banca Romaneasca , Export Import Bank , Capital Credit , தேசிய வங்கி , டெலோய்ட்டே வணிக தீர்வுகள் , ஹெலெனிக் நிதி ஸ்திரத்தன்மை நிதி , பைன் மூலதனம் கடன் , செயல்பாட்டு இலக்குகள் , ஒற்றை மேற்பார்வை பொறிமுறை , தெற்கு கிழக்கு யூரோப் , பாங்கா ரோமனெஆஸ்க , ஏற்றுமதி இறக்குமதி வங்கி , மூலதனம் கடன் ,