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Credit Europe Bank (Romania) S.A. initiates merger with its parent company Credit Europe Bank N.V.

10 June 2024

On the 7th of June the General Assembly of Shareholders of Credit Europe Bank (Romania) S.A. approved the intra-group cross-border merger. The cross-border merger is an extensive process that depends on several factors and is subject to approvals from the Romanian and Dutch regulators.

After the merger, Credit Europe Bank (Romania) S.A. will continue its activities in Romania as a branch office of the Dutch parent company.  

The organizational change within the Group is part of Credit Europe Bank's strategic review to enhance its operations based on expertise and common resources. It supports the bank's plan to continue sustainable business in Romania and will facilitate offering reliable products and easy-to-use financial services.

The Credit Europe Bank team will make sure that customers will be able to continue using its products and services without any disruptions throughout the entire process, while each client's deposits will continue to be guaranteed through the deposit guarantee scheme in place in the European Union, which is already used in Romania as well.



About Credit Europe Bank (Romania) S.A.

In Romania, Credit Europe Bank  provides a wide range of products and services to individuals, SMEs and corporations. Credit Europe Bank has opened a new chapter in digitalization and technology, introducing Apple Pay and Google Pay, launching monet, the new mobile banking app for all clients, as well as the Avantaj SoftPOS application, for merchants. At the same time, the institution's website was relaunched, a new version of the AVANTAJ2go mobile app was released and a new interface of the Internet Banking platform was presented.

A member of the Dutch financial group Credit Europe Bank NV, the Bank has been active since 1993, when it operated as the Industrial and Commercial Credit Bank, becoming Finansbank (in 2000) and then, in 2007, following a rebranding process, receiving the name of Credit Europe Bank Romania.

More information about the bank’s products and services can be found on www.crediteurope.ro and www.cardavantaj.ro.