01.04.2016

Romanian lender Banca Transilvania (TLV.RO) on Monday said it completed the merger with Volksbank Romania, adding that 10% of its 2.2 million clients and 400 of the 7,300 employees come from the more

10.05.2015

The integration of Volksbank into Banca Transilvania (TLV.RO) has reached the IT platform integration testing and simulation phase, and those in charge of the transition are preparing for the final more

09.14.2015

Banca Transilvania (TLV.RO), the third largest lender in Romania, expects net loan volume to rise by 42% to 25 billion lei (EUR5.6 billion) this year, following the merger with Volksbank Romania. more

09.04.2015

Volksbank Romania will dissolve its asset management unit Volksbank Services, operating on the non-banking sector, according to a decision published on the Official Gazette. more

09.03.2015

The merger between Romanian lender Banca Transilvania (TLV.RO) and Volksbank Romania (VB.RO) will be made through absorption, while Banca Transilvania’s share capital will not be changed and the more

08.31.2015

Romanian lender Banca Transilvania (TLV.RO) has received central bank approval to merge and absorb Volksbank Romania on December 31, 2015, the bank said Monday. more

04.07.2015

Romanian lender Banca Transilvania (TLV.RO) completed Tuesday the acquisition of Volksbank Romania, in a deal valued at more than 710 million euros. more

03.17.2015

Banca Transilvania (TLV.RO) announced Tuesday that it received all approvals from Romania’s Competition Council and the central bank (BNR) to take over Volksbank Romania. more

02.09.2015

Volksbank Romania was a bank with problems, from management to risk issues, with strong involvement in foreign currency loans, so that shareholders’ solution was to sell it with a discount, in order more

12.12.2014

The local subsidiary of Volksbank, which Banca Transilvania (TLV.RO) acquired this week, posted more than 1.75 billion lei (about EUR400 million) losses in the last four years due to sour loan more

12.10.2014

Banca Transilvania (TLV.RO) won’t need additional capital resources to fund the acquisition of Volksbank Romania, and the financial details of the deal will be announced in a few months, the more

12.10.2014

Romanian lender Banca Transilvania (TLV. RO) Wednesday said it approved the acquisition of Volksbank Romania, the local unit of Österreichische Volksbank en AG. more

12.09.2014

Talks between Banca Transilvania and Volksbank are edging closer to getting the “final signature” from the Austrian bank’s shareholders, and the price of the deal has been the main topic of more

11.26.2014

Banca Transilvania (TLV.RO), the third largest bank in Romania, Wednesday said it is negotiating the acquisition of the Romanian subsidiary of Austrian group Volksbank. more

11.26.2014

Real estate company GTC, which developed in Bucharest projects such as America House of Piata Victoriei or City Gate towers of Piata Presei, considers acquiring three office buildings in Bucharest, more

11.20.2014

Entrepreneurs should find new markets for their business as the local market seems oversaturated on certain niches, and be ready to take risks, jointly with banks, Volksbank vice-president Bogdan more

10.03.2014

Austrian banking group Volksbank has decided to undergo restructuring and will be split into nine regional banks, merging smaller operations, while maintaining its plan to sell its Romanian more

09.10.2014

Volksbank Romania will open ten business centers in Romania this year, the first of which in November, in Cluj-Napoca, and targets to double its market share on the corporate segment, to 3%, by 2018, more

08.28.2014

Volksbank Romania shareholders will add EUR250 million to the lender's share capital by the end of the year, reaching EUR576 million, of which the Austrian group will contribute EUR128 million after more

08.07.2014

Austria's Volksbank group has put up for sale a portfolio of commercial real estate assets and non-performing corporate loans with a nominal value of EUR460 million, more than one quarter of which more

07.28.2014

Volksbank Romania on Monday said it has completed the previously announced sale of a portfolio of non-performing loans with a total nominal value of EUR495 million to a consortium of foreign more

07.23.2014

Volksbank Romania, a unit of Austria’s Volksbank AG, has appointed two new vice-presidents, namely, Dan Sandu who will coordinate the retail business division, and Bogdan Neacsu who will coordinate more

06.10.2014

Volksbank Romania’s non-performing loans ratio is expected to fall to around 8% of total from 22% presently after the bank completes the sale of bad loans worth EUR495 million, the bank’s chief more

04.03.2014

Austria’s Volksbank AG has booked provisions of EUR62 million for anticipated losses on the planned sale of its Romanian subsidiary, the Austrian lender said in a report Thursday. more

03.18.2014

Volksbank Romania, a unit of Austria’s Volksbank AG, will likely sell a batch of non-performing loans worth EUR490 million by the end of March, the bank’s chief said Tuesday. more