Banca Transilvania boosts stake in Moldova's Victoriabank

Romania’s Banca Transilvania said on it Friday it has bought a further 5.42% of Victoriabank, Moldova’s third-largest lender, for 106 million Moldavian lei ($6.3 million/ 5.3 million euro). Following a mandatory buyout bid, Banca Transilvania owns 44.6% of Victoriabank, it said in a statement filed with the Bucharest Stock Exchange, BVB. Currently, Banca Transilvania and the European Bank for Reconstruction and Development (EBRD) jointly hold 72.19% of the share capital ...

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