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First Bank (Romania)

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First Bank
FormerlyPiraeus Bank Romania (2000-2018)
Pater Bank (1995-2000)
Company typeSocietate pe Acțiuni (S.A.)
IndustryFinancial services
FoundedMay 3, 1995; 29 years ago (1995-05-03)
Headquarters,
Area served
Romania
Key people
Henk Paardekooper (CEO)
Owner
Websitefirstbank.ro

First Bank is a Romanian bank founded in 1995 as Pater Bank. Since May 2024, the financial institution has been controlled by the Italian group Intesa Sanpaolo.

History

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Five years after it was founded, Pater Bank was sold in 2000 to Piraeus Bank,[1] and its name was changed to reflect its new owner. Piraeus Bank sold its Romanian subsidiary to J.C. Flowers & Co. on 28 June 2018, who changed the bank's name to First Bank on 12 September 2018.[2]

As of the following month, its shareholding structure became as follows:[3]

  • J.C. Flowers & Co. - 76.1%
  • EBRD - 19%
  • Natural persons - 4.9%

In April 2020, First Bank acquired and absorbed the Romanian subsidiary of Bank Leumi.[1] In May 2024, the bank was acquired by the Italian group Intesa Sanpaolo.

See also

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References

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  1. ^ a b "REGISTRUL INSTITUTIILOR DE CREDIT - Banci". bnr.ro. BANCA NATIONALA a ROMANIEI. Retrieved 28 August 2014.
  2. ^ "First Bank".
  3. ^ "BERD confirmă intrarea în acţionariatul Piraeus Bank România, alături de J.C. Flowers. Banca preia 19% din capital, iar fondul american de investiţii 76%". Ziarul Financiar (in Romanian). 2018-07-18. Retrieved 2018-12-30.
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