National Bank authorizes Banca Transilvania to buy shares in Victoriabank

The National Bank of Moldova allowed Banca Transilvania to purchase a shareholding in the commercial bank Victoriabank, IPN reports.

“Following the official permission, Banca Transilvania, together with the European Bank for Reconstruction and Development and VB Investment Holding B.V. (under EBRD’s control), which hold similar permission obtained earlier, will be able to purchase all the shares issued by BC “Victoriabank” SA (100%),” the National Bank says in its response.

According to the Bank, the decisions to sell shares will be taken by the holders and the shares will be sold in accordance with the rules of the regulated market.

Earlier this month, Banca Transilvania, which is the second largest bank in Romania by the volume of assets, together with its shareholder EBRD, announced the intention to buy a holding of over 39% in Moldova’s third leading bank Victoriabank.

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