December 21, 2014 8:19 PM ET

Banks

Company Overview of Volksbank Romania S.A.

Company Overview

Volksbank Romania S.A. provides various banking services to the retail sector, small and medium-sized enterprises, and companies in Romania. Its services include accounts opening, making deposits, funding for current activities and investments, internal and external bank transfers, foreign exchange operations, bank guarantees, documentary loans, etc. The company offers its services through 135 branches, including 34 in Bucharest. The company was founded in 2000 and is headquartered in Bucharest, Romania. Volksbank Romania S.A. operates as a subsidiary of Österreichische Volksbanken-Aktiengesellschaft.

No. 42 Pipera Road

3-8 and 10th Floors

Sector 2

Bucharest,  

Romania

Founded in 2000

Key Executives for Volksbank Romania S.A.

President and President of Directorate
Director of The Financial Accounting Division
Vice President and Member of the Directorate
Vice President of Directorate
Vice President of Directorate
Compensation as of Fiscal Year 2014.

Volksbank Romania S.A. Key Developments

Volksbank Romania In Talks To Sell Bad Loans

Volksbank Romania S.A. is in advanced talks regarding the sale of its €490 million in non-performing loans. Reuters reported citing Benoit Catel, President of Volksbank Romania, that the bank is in advanced talks with a group of investors regarding a sale of €490 million in non-performing loans. Benoit Catel added that the potential sale of non-performing loans would bring down the Österreichische Volksbanken-AG unit's non-performing loans ratio to 7.3%, 3x lower than the average in Romania's banking system. Catel said that the transaction would result in a cumulative 93% reduction of the unit's real estate nonperforming loan portfolio.

Volksbank Mulls Sale Of Non Performing Loans

Volksbank Romania S.A. posted a loss of €103.60 million and is planning to sell over 3,000 non-performing loans worth €490 million. The deal is expected to be announced in the near future.

Volksbank Reportedly Mulls To Sell Bad Loans To H.I.G.

Volksbank Romania S.A. is seeking to sell a portfolio of bad loan worth €600 milllion to H.I.G. Growth Partners, LLC, Ziarul Financiar said. The price for the €600 million bad loans batch would be around 15% to 20% of the nominal value, the sources said. The loans are mainly mortgage-backed and their value includes the principal as well as the unpaid interest and penalties. None of the two parties involved made comments to Intellinews - Romania.

Similar Private Companies By Industry

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Banca Comerciala Intesa Sanpaolo Romania S.A. Europe
Volksbank Romania S.A. Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 10, 2014
--
Merger/Acquisition
July 28, 2014
Volksbank Romania S.A., Portfolio of Poorly Performing Loans
 

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