The Competition Council is analyzing the takeover of the OTP group from Romania by Banca Transilvania

The Competition Council is analyzing the transaction through which Banca Transilvania SA intends to take over the companies OTP Bank Romania SA, OTP Leasing Romania IFN SA, OTP Asset Management Romania SAISA, OTP Factoring SRL, the subsidiaries OTP Consulting Romania SRL, OTP Advisors SRL, as well as the OTP Bank Romania Foundation . Banca Transilvania SA is the main company of the Banca Transilvania Financial Group, which offers financial services in Romania, such as banking services, investment services, portfolio management services and leasing.

OTP Bank Romania, OTP Leasing Romania IFN SA, OTP Asset Management Romania SAISA, OTP Factoring SRL, OTP Consulting Romania SRL, OTP Advisors SRL, OTP Bank Foundation
Romania, as well as their subsidiaries, are part of the OTP Group, also offering products and services of a financial-banking nature.

In accordance with the provisions of the Competition Law (no. 21/1996), this transaction must be authorized by the Competition Council, which will evaluate it in order to establish its compatibility with a normal competitive environment and will issue a decision within the terms provided by law.