Bank of Cyprus a preluat 9,7% din acÅ£iunile Banca Transilvania, a anuntat ieri banca cipriota, după ce în ultima vreme circulau zvonuri că o bancă europeană va intra în acÅ£ionariat.
Bank of Cyprus a plătit 58 milioane de euro pentru cele 102.862.785 acÅ£iuni TLV achiziÅ£ionate, tranzacÅ£ia evaluând banca la 580 milioane euro.
Bank of Cyprus precizează că a cumpărat titluri TLV numai în scop investiÅ£ional, tranzacÅ£ia neafectându-i strategia în Å£ara noastră. Grupul Bank of Cyprus operează prin 11 sucursale în România, la 30 septembrie, înregistrând credite de 585 milioane euro ÅŸi depozite de 113 milioane euro.
Banca Transilvania este cea mai mare bancă cu capital autohton privat, totalizând active de 4,3 miliarde euro, la 30 septembrie.
Comunicatul Bank of Cyprus
Bank of Cyprus announces that it has acquired 102.862.785 shares representing a 9,7% interest in Banca Transilvania’s share capital with a total acquisition cost of €58 mn. The transaction does not have a material impact on capital adequacy and financial fundamentals of the Bank of Cyprus Group. Bank of Cyprus proceeded with this transaction solely for investment purposes with the consideration paid representing approximately an 1,5x price to shareholder’s equity.
The acquisition offers Bank of Cyprus the opportunity to invest at an attractive valuation in the share capital of a leading Romanian bank and to gain further insights and experience into the Romanian banking market.
Banca Transilvania is the largest Romanian bank with domestic private ownership, operating through a strong branch network of 532 units and enjoying an 8,5% market share in total deposits. As at 30 September 2009 Banca Transilvania had total assets of RON 18,2 bn (€4,3 bn), deposits and gross loans of RON 14,2 bn (€3,4 bn) and RON 11,7 bn (€2,8 bn) respectively, and shareholders’ equity of RON 1,7 bn (€402 mn). Banca Transilvania is well capitalised and very liquid, with a capital adequacy ratio and a loans to deposits ratio at 30 September 2009 of 13,5% and 84% respectively. Banca Transilvania is listed on the Bucharest Stock Exchange and the European Bank of Reconstruction and Development (EBRD) is its largest shareholder, participating in its capital since 2001, with a 15% interest.
The above mentioned investment does not affect the Bank of Cyprus Group’s strategy in Romania, which is to be an efficient organisation in the retail banking sector and with a particular focus in the SME sector. The Group currently operates through 11 branches in Romania. At 30 September 2009, the Group’s total loans and customer deposits in Romania amounted to €585 mn and €113 mn, respectively.
