First Bank (Romania)

First Bank

Formerly| Piraeus Bank Romania (2000-2018)
Pater Bank (1995-2000)
Company type| Societate pe Acțiuni (S.A.)
Industry| Financial services
Founded| May 3, 1995; 29 years ago (1995-05-03)
Headquarters|

Bucharest

Romania

Area served

| Romania

Key people

| Henk Paardekooper (CEO)
Owner|

* Independent
* (1995–2000)
* Piraeus Bank
* (2000–2018)
* J.C. Flowers & Co.
* (2018–2024)
* Intesa Sanpaolo
* (2024–present)

Number of employees

| 959 (2023)
Website| firstbank.ro

First Bank is a Romanian bank founded in 1995 as Pater Bank. Since May 2024, the financial institution has been controlled by the Italian group Intesa Sanpaolo.

## History

[edit]

Five years after it was founded, Pater Bank was sold in 2000 to Piraeus Bank,[1] and its name was changed to reflect its new owner. Piraeus Bank sold its Romanian subsidiary to J.C. Flowers & Co. on 28 June 2018, who changed the bank's name to First Bank on 12 September 2018.[2]

As of the following month, its shareholding structure became as follows:[3]

* J.C. Flowers & Co. - 76.1%
* EBRD \- 19%
* Natural persons - 4.9%

In April 2020, First Bank acquired and absorbed the Romanian subsidiary of Bank Leumi.[1] In May 2024, the bank was acquired by the Italian group Intesa Sanpaolo.

## See also

[edit]

* Banks portal

* List of banks in Romania
* J.C. Flowers & Co.

## References

[edit]

1. ^ a b "REGISTRUL INSTITUTIILOR DE CREDIT - Banci". bnr.ro. BANCA NATIONALA a ROMANIEI. Retrieved 28 August 2014.
2. ^ "First Bank".
3. ^ "BERD confirmă intrarea în acţionariatul Piraeus Bank România, alături de J.C. Flowers. Banca preia 19% din capital, iar fondul american de investiţii 76%". Ziarul Financiar (in Romanian). 2018-07-18. Retrieved 2018-12-30.

## External links

[edit]

* Official website

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List of banks in Romania

* Alpha Bank
* BCR
* Banca Românească
* Banca Transilvania
* BRD
* CEC Bank
* First Bank
* ING
* Garanti Bank
* Libra Internet Bank
* OTP Bank
* Patria Bank
* Salt Bank
* Raiffeisen Bank
* UniCredit Bank

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