RAIFFEISEN BANK S.A.

  |  2013-04-17

Romanian Daily Report - April, 17

SIF Oltenia - The securities commission suspended the voting rights for the shares exceeding the 5% threshold owned by Erste Group and affiliates; Banca Transilvania among the final two contenders for the acquisition of Bank of Cyprus Romanian operations

SIF Oltenia - The securities commission suspended the voting rights for the shares exceeding the 5% threshold owned by Erste Group and affiliates

The local securities commission suspended the voting rights for the shares exceeding the 5% threshold owned by Erste Group and affiliates. SIF5 is the only SIF which did not complete the swap of its BCR stake into cash and Erste shares.

 

Banca Transilvania among the final two contenders for the acquisition of Bank of Cyprus Romanian operations

Banca Transilvania, along with Raiffeisen Bank remained the only contenders in the acquisition of the operations of the local branch of Bank of Cyprus. The Cypriot bank will analyze the offers submitted and are expected to take a decision by the end of the week. The bank is closed for operations until April 22 (incl). As we mentioned before, we do not expect the acquisition to have a significant impact on TLV?s balance sheet but the outcome should be followed given that the Cypriot bank owns 9.9% in TLV and at the moment it is not clear what would happen with the shares. According to local media, the Romanian branch had as of September 2012 a loan book of EUR 570 mn and a deposits base of only EUR 245 mn. The loan book was tilted towards the real estate sector.

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Scoring Methodology by ERNST&YOUNG


 
#
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MCR TOTAL SCORING
 
1 D.R.I.M. DANIEL SRL 3,0000
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