SocGen acquires 70.57 pct stake in 3rd biggest Moldovan bank for 18.4 mln eur
Publish date: 04-01-2007Societe Generale said it acquired a 70.57 pct stake in Moldova's third largest bank, Mobiasbanca, for 18.4 mln eur.
Mobiasbanca has 63 branches, 47,000 retail clients and 6,000 business customers, the bank said in a statement.
SocGen said the country's loan sector saw growth of 25 pct in 2005 and that Mobiasbanca has the leading, 20 pct market share in the consumer credit sector.
Source: forbes.com
Latest News:
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei