The transfer was carried out after the completion of all the necessary procedures and the granting of the necessary authorisations. Specifically, EFG Eurobank Ergasias and Banco Portugues de Investimento have received the required permissions from the central banks of their countries of origin. In addition, the approval of the Romanian Competition Council and the National Bank of Romania have also been granted.
The new share composition of Banc Post is as follows:
- EFG Eurobank Ergasias 19.25%
- Banco Portugues de Investimento 17%
- State Ownership Fund 17%
- General Electric Capital Corporation 8.75%
- BANC POST employees and pensioners 8%
- SIF Banat-Crisana SA 6%
- SIF Moldova S.A. 6%
- SIF Muntenia S.A. 6%
- SIF Oltenia S.A. 6%
- SIF Transylvania S.A. 6%
Banc Post today holds a leading position in Romania's banking system and is characterised by its stability and financial soundness. The Bank's capital adequacy ratio stands at 25.93% and its liquidity ratio - based on 31.8.2000 figures - at 49.13%. Its market share in total deposits is today approximately 6%, it has a network of 128 branches, and a staff of approximately 4,000. It also has the largest network of ATMs in the Romanian market.
The new shareholders of Banc Post will provide the Romanian bank with important advantages and will give it a major boost in extending its activities and increasing its share of the domestic retail banking market.