Vista Bank completes the merger with Crédit Agricole Romania and reports €1.6 billion assets, €900 million loans, and €1.4 billion deposits

Vista Bank announces that has „successfully completed the merger with Crédit Agricole Romania, after carrying out an ambitious integration plan”. Vista Bank, after the merger, will have €1.6 billion assets, €900 million loans, and €1.4 billion deposits.

„Teams from both banks worked with dedication and enthusiasm to ensure technical, operational, and business alignment, implementing a detailed and reliable migration process,” according to the press release.

Mr. Georgios Athanasopoulos, CEO of Vista Bank: „Completing the integration of Crédit Agricole Romania represents an important milestone on the consolidation of Vista Bank in the Romanian banking system, in line with our accelerated growth strategy. We have become a stronger, more efficient and more competitive banking institution with an increased ability to provide to our existing and future clients superior services and an enhanced banking experience. We welcome the customers and employees of Crédit Agricole Romania to the Vista Bank family. Together we are stronger, and this merger brings new perspectives and opportunities for all stakeholders’’.

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Vista Bank has been present in Romania since 1998, being formerly known as Marfin Bank. Following the taking over in July 2018 by a new, strong shareholders group, one of the largest industrial conglomerates in South East Europe, the bank has seen a significant strengthening of its business, management and strategy. Vista Bank offers value-added financial solutions and superior tailor-made customer service to medium and large corporate clients, as well as to affluent customers.