Banca Transilvania bought another 5.42% of the shares in Moldova’s Victoriabank as a result of public bidding and now owns over 72% of the commercial bank’s share capital, IPN quoted zf.ro as saying.

On the Bucharest Stock Exchange last Friday, Banca Transilvania announced the results of the public bidding. It purchased 1.3 million shares in Victoriabank, which is 5.42% of the bank’s share capital, for 106 million Moldova lei or 25 million Romanian lei.

In November 2017, Banca Transilvania was authorized by the National Bank of Moldova to acquire over 50% of the shares of Victoriabank. The transaction to obtain controlling interest in Victoriabank was performed in two stages, on January 16 and 19, 2018, by purchasing a 39.2% holding from the former shareholder of the bank and by taking under control, together with the EBRD, the current shareholder of the bank VB Investment Holding B.V. of the UK.