Bucharest, January 8, 2015– OTP Bank Romania, member of OTP Group, announces that the 100% acquisition of Millennium Bank Romania shares has been concluded, following the payment worth EUR 39 million. Thus, Millennium Bank Romania, former member of Banco Comercial Português, is now part of OTP Group in Romania.
Now that the acquisition process is completed, OTP Bank Romania proceeds to a natural integration process that will be completed at the end of October 2015. The bank’s team will persevere to make efforts to provide simple, yet efficient solutions for private individuals and companies, clients of both banks. OTP Bank Romania is devoted to ensure a smooth transition for the clients of Millennium Bank Romania, in line with its continuous focus on quality services that has been driving the bank since its establishment.
OTP Bank Romania, subsidiary of OTP Bank, the largest independent banking group in Central and Eastern Europe, is an integrated and self-financed provider of financial services. With an approach defined by responsibility, commitment and professionalism, OTP Bank Romania is aware of its clients’ needs.
OTP Bank provides universal financial services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia for more than 13 million customers through an extended branch network of almost 1,500 units as well as ATM network and electronic channels.