Banca Transilvania’s shareholders approved BT’s merger with OTP Bank Romania at today’s Extraordinary General Meeting of Shareholders.The integration of OTP Bank Romania into Banca Transilvania started in August 2024 and ends on February 28, 2025, through the merger of the two banks. Banca Transilvania and OTP Bank Romania will operate independently until the merger and will continue to ensure a smooth transition for OTP Bank Romania customers. February 28, 2025 represents the date on which OTP Bank Romania customers will become BT customers, being also the last day in which they can still use OTP Bank Romania products and services. “I would like to thank our shareholders for this vote of confidence on the plan to merge Banca Transilvania with OTP Bank Romania. It is BT’s fastest integration, realized in just seven months. The period elapsed so far has unfolded according to our ambitious plan, due to the collaboration of 750 people – part of the two banks teams, who have allocated more than 150,000 hours to specific projects. I am confident that the integration will go smoothly until the end, together with BT’s organic growth,” stated Horia Ciorcila, Chairman of the Board of Directors, Banca Transilvania. Banca Transilvania acquired OTP Bank Romania and the other Romanian subsidiaries of OTP Group this year for EUR 347.5 million. The first merger took place in early December 2024 between BT Leasing and OTP Leasing.
Baritone Mihai Damian, a soloist of the Romanian National Opera in Cluj-Napoca, has won the Male Voice category’s first prize at this year’s edition of Operalia, the competition for young opera artists established by Plácido Domingo. He also won the competition’s Audience Award and the special award offered by the Ministry of Culture of Bulgaria, […]
Romanian apocalyptic sci-fi horror feature “We Put the World to Sleep” had its world premiere on October 18 at the Nightmares Film Festival, one of the most important horror and fantastic film festivals in the US. The film, a product of 9 years of work, won Best Midnight Feature and Best Supporting Performance. Next, it […]
Romanian president Nicușor Dan visited a team of researchers and students from ‘Grigore T. Popa’ University of Medicine and Pharmacy of Iași, the creators of the smallest artificial heart with applications for both adults and children, on Saturday, October 25. In 2023, UMF “Grigore Popa” announced that the Mavis Artificial Heart team from the higher […]
Brașov, the popular mountain city in central Romania, will no longer host a fireworks display on New Year’s Eve, the City Hall announced. The decision, the authorities say, aims to protect pets and wildlife from the stress and harm caused by loud explosions, as well as the environment from chemical pollution. Instead of fireworks, the […]
Romania’s Social Democratic Party (PSD), part of the governing centrist coalition, is backing District 4 mayor Daniel Băluță for the general mayor of Bucharest. Elections will take place on December 7. Interim party leader Sorin Grindeanu first talked about the appointment following discussions with the PSD in Bucharest. “We had a meeting with colleagues from […]
More than one year after its launch, Attractive Romania/România Atractivă - part of the country’s first national program dedicated to cultural tourism - announced a major expansion. The platform added 450 new tourist landmarks and launched multilingual access in six languages. The digital platform, developed as part of the National Recovery...
