The new entity will rank among the top 10 banks in Romania, with a market share of approximately 3%, Romania Journal reported.
OTP Bank Romania, the local unit of the Hungarian lender OTP, had also expressed interest in acquiring the 99.28% stake in Banca Romaneasca, but the National Bank of Romania (BNR) opposed the takeover in March 2018, although the Competition Council had authorized the operation.
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