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bne December 2021 Companies & Markets I 29
Banca Transilvania to create digital banking hub with Idea::Bank acquisition
East West Digital News in Moscow
Romania’s biggest lender Banca Transilvania (BT) has reached the closing phase for the acquisition of Getin Holdings’ shares in Idea::Bank, Idea::Leasing and Idea::Insurance Broker.
Idea::Bank is the third bank purchased by Banca Transilvania, after Bancpost (2018) and Volksbank Romania (2015).
BT announced the signing of the purchase agreement in
June this year, and lately, the bank received the necessary authorisations for the completion of the transaction from the National Bank of Romania and from the Competition Council.
Idea::Bank will become a digital banking hub. All the three entities known under the Idea brand will have new corporate identities.
The new transaction will not only contribute to the Romanian banking sector consolidation but will also convey
Lithuanian Conservative MP appears in his underwear in virtual meeting
bne IntelliNews
The parliamentary Committee on Governance and Municipalities of the Seimas, Lithuania's parliament, went a little awry after Bronislovas Matelis, a lawmaker from the ruling conservative Homeland Union party, answered a phone call and stood up from his computer wearing only briefs.
His peers did not seem concerned about his appearance
and continued the meeting as normal. The MP told Lithuanian media he had not realised anyone had seen his underwear during the live broadcast call until he was contacted by
a reporter.
“Today, at the meeting of the Committee on Public Administration and Municipalities, I appeared as if I was just
the affirmation of the new bank as a digital platform with an ESG agenda at all levels, BT said.
“We are happy to supplement Banca Transilvania’s ecosystem and capabilities with a new entity that has technology written in its DNA ... We are confident that through our endeavours we are groundbreakers on the Romanian banking market and to our clients who are keener and keener for online banking products and services. We are appreciative to the ones who have contributed to the success of this purchase – authorities, financial and legal advisors, and BT’s dedicated team. Likewise, we thank the Getin Holding Group for their trust and cooperation,” said Horia Ciorcila, chairman of the board of directors, Banca Transilvania.
The consultants of Banca Transilvania for the transaction were Barclays Bank Ireland PLC, Filip&Company, EY and Linklaters.
born and therefore barely dressed,” Matelis wrote on social media after the incident emerged.
“I’m sorry if anyone expected more and more impressive video but was disappointed. I was at my home at the time, doing an exercise and saw it was time to join the meeting. And then one journalist called, I grabbed the phone, asked me to wait for me to vote, then I stood up and went to talk.”
Lithuanian media recalled that this is not the first time
a member of the country’s parliament has been embarrassed on a Seimas call. Last year a half-naked man appeared in the background of MP Petras Gražulis’ screen during a meeting of the Culture Committee.
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