First Bank
FormerlyPiraeus Bank Romania (2000-2018)
Pater Bank (1995-2000)
TypeSocietate pe Acțiuni (S.A.)
IndustryFinancial services
FoundedMay 3, 1995 (1995-05-03)
Headquarters,
Area served
Romania
Key people
Henk Paardekooper (CEO)
ParentJ.C. Flowers & Co.
Websitefirstbank.ro

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]

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]

See also

References

  1. 1 2 "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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