OTP Bank Romania and Millennium Bank Romania consolidate their activity through merger
Starting with January, 2015, when Millennium Bank Romania became a member of OTP Group in Romania, the two banks develop an integration process for their activities. An important step in this process is represented by the legal merger of OTP Bank Romania and Millennium Bank Romania, the effective merger date being proposed for 31st of October, 2015. The merger project and the proof of its registration at Trade Registry can be accessed here.
Starting with 1st of March, 2015 OTP Bank’ clients benefit of a wider ATM network as they can withdraw money from any Millennium Bank’ ATM in the same pricing conditions. The Millennium Bank’ ATM list is available here.
OTP Bank Romania, member of OTP Group, announces that the acquisition of 100% of Millennium Bank Romania shares, member of Banco Comercial Português, has been concluded.
As a result of the acquisition, the market share of OTP Bank Romania will rise to approximately 2% and the bank will step forward to the 13th place amongst banks present in Romania. The number of clients of OTP Bank Romania will reach almost 400 thousand, while the number of branches will be 140 and the number of ATMs 180.
Now that the acquisition process has been completed, OTP Bank Romania will proceed the integration process that is expected to be executed within 1 year. The bank’s team will continue to provide simple and efficient solutions for private individuals and companies clients of both banks.
In 2014, OTP Bank ranked first among the most solid banks with subsidiaries in Romania, in terms of capitalization, for the second consecutive time, according to data issued by the European Banking Authority, following a stress test study carried out by the European Central Bank.
OTP Bank Romania has the priority to ensure a smooth transition process for Millennium Bank Romania’s clients, according to its continuous attention to high quality services that has been driving the bank since its establishment. Details
We support a responsible financial attitude. In this respect, at the end of 2014, we launched "Right to Education" Foundation, which aims to develop financial , economic and managerial skills among high school students, through educational brand OK Center. Since its launch, over 400 students from 15 high schools in Bucharest and across the country participated in 29 financial education modules by means of the "Right to Education" Foundation.
For a better manage of your incomes and expenses, OTP Bank launches MyMentor tool for handling of personal finances available in OTPdirekt-Internet Banking platform.
MyMentor users have access to the following functions:
- Categorizing the incomes and expenses
- Managing and splitting transactions in more categories
- Automatic classifying of transactions made by card
- Viewing charts for incomes and expenses
Try the new tool from the OTPdirekt platform.
Don’t you have OTPdirekt yet? Apply here.
OTP Bank Romania S.A., member of OTP Group, is firmly committed to comply with F.A.T.C.A. requirements; to that end, the entire customer data-base will be reviewed in the following period in order to determine the F.A.T.C.A. status of the customers and, where necessary, the Bank may request additional information and documents so that the implications of the new legislation are properly assessed. More information here.