First Bank (Romania)
First Bank is a Romanian bank, owned and managed by U.S. investment firm J.C. Flowers & Co. The bank was established in 1995 as Pater Bank, after which it was acquired and renamed by Piraeus Bank in 2000.[1]
 | |
| Formerly | Piraeus Bank Romania (2000-2018) Pater Bank (1995-2000) |
|---|---|
| Type | Societate pe Acțiuni (S.A.) |
| Industry | Financial services |
| Founded | May 3, 1995 |
| Headquarters | , |
Area served | Romania |
Key people | Henk Paardekooper (CEO) |
| Parent | J.C. Flowers & Co. |
| Website | firstbank |
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]
In April 2020, First Bank acquired and absorbed the Romanian subsidiary of Bank Leumi.[1]
As of July 2018, the shareholder structure of the bank is as follows:[3]
- J.C. Flowers & Co. - 76.1%
- EBRD - 19%
- Natural persons - 4.9%
References
- "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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