4finance Holding S.A. has signed a definitive agreement to sell TBI Bank EAD to Advent International, a leading global private equity investor from United States, through its subsidiary TBI Financial Services B.V. The transaction is subject to customary regulatory approvals and is expected to close in Q4 2025. TBI Bank is a rapidly growing and highly profitable South-East European challenger bank that is evolving from an embedded finance model into a broader ecosystem integrator. tbi is already playing a key role in the convergence of merchants and consumers in its markets with its one-stop mobile-led financial and lifestyle proposition. TBI Bank is present in 32,000 merchant partner check-out points in its main markets of operation, Bulgaria, Romania and Greece, helping more than 2.4 million customers with their financial needs, utilizing its award-winning app. In 2024, tbi continued to show strong financial results with a record net profit of EUR 50m, 18% higher year-on-year based on audited consolidated financial results, whilst maintaining strong liquidity and capital positions. As a global financial investor with local experience, Advent is well positioned to partner with TBI Bank’s management team to support its strategic growth plan. Advent’s investment approach is based on in-depth sector knowledge, combined with a strong team of seasoned industry executives and functional advisors. Petr Baron, CEO, TBI Financial Services B.V., commented: “The tbi team and I are very excited to start a new chapter in our journey toward becoming a leading regional challenger bank. The support of Advent will unlock significant opportunities for us to accelerate the execution of our strategy and enhance the way we serve our clients. We are proud of what we have accomplished so far, and we are grateful to Advent for their trust and confidence in us.” Ranjan Sen, Managing Partner, Advent, commented: “4finance developed tbi into a digital-first, agile and customer focused organisation. We have a shared vision for helping to shape the future of banking and are excited to partner with the management team to support them as they continue to scale and provide innovative solutions for customers.”
A majority of Romanians support reducing public expenditures as a way to curb the national budget deficit, according to a new poll conducted by INSCOP Research and published by Informat.ro on June 4. The survey found that 58.4% of respondents would totally agree with reducing state operating expenses unrelated to public sector salaries, while a further 18.8% […]
The Cluj-Napoca Court of Appeal decided on June 4 to suspend the environmental agreement for the Hidroelectrica's (BVB: H2O) Răstolița hydropower plant project, which is already over 90% completed and scheduled to be put into operation in November this year, the minister of energy, Sebastian Burduja announced. The decision is not final. "It is not […]
The Romanian Senate has adopted a legislative proposal that allows the beginning of construction works on the Tarnița-Lăpuștești pumped hydroelectric power plant without the need for a new feasibility study after years of delays, according to Cluj24. The Senate adopted, in its June 2 meeting, the legislative...
Romania will borrow again from external markets through large bond issues only after a new government is installed and announces the fiscal measures needed to correct the deficit and give investors confidence in Romania's debt, Treasury head Stefan Nanu told Bloomberg, according to
The working group, with a focus on budget, formed by the political parties that plan to emerge as the ruling majority in Romania, has reportedly come up with a series of measures aimed at addressing fiscal slippage, predominantly including tax hikes, according to Ziarul Financiar. It is a short list, yet not final...
The European Commission concluded that Romania failed to comply with the national medium-term fiscal-structural plan agreed upon by both sides on November 21, 2024, and initiated the process that may lead to disciplinary measures such as the suspension of funds under the Cohesion and Resilience Facility on July 8. Technically, Romania must come...
