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.
 | |
| Formerly | Piraeus Bank Romania (2000-2018) Pater Bank (1995-2000) |
|---|---|
| Company type | Societate pe Acțiuni (S.A.) |
| Industry | Financial services |
| Founded | May 3, 1995 |
| Headquarters | , |
Area served | Romania |
Key people | Henk Paardekooper (CEO) |
| Owner |
|
| Website | firstbank |
History
editFive 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
edit
References
edit- ^ a b "REGISTRUL INSTITUTIILOR DE CREDIT - Banci". bnr.ro. BANCA NATIONALA a ROMANIEI. Retrieved 28 August 2014.
- ^ "First Bank".
- ^ "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.
External links
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