Agreement between National Bank of Greece and Export-Import Bank of Romania for the sale of Banca Romaneasca

National Bank of Greece (“NBG”) announces the signing of a definitive agreement with Export-Import Bank of Romania (“EximBank”) for the sale of its 99.28% stake in Banca Romaneasca (“BROM”).

The Transaction is expected to increase NBG’s CET1 ratio by c.26 bps and strengthen its liquidity position by c.€314 million, after taking into account the repayment of the intra-group debt(1).

Closing of the transaction is subject to approval from the National Bank of Romania and the Romanian Competition Council.

Credit Suisse International is acting as exclusive financial advisor to NBG. Freshfields Bruckhaus Deringer is acting as international legal counsel and Fillip and Company as local legal counsel to NBG. 

Note(1): Impact on Liquidity and CET 1 ratio as of 31.03.2019