M&A Deal Summary

National Bank of Greece Acquires Banca Romaneasca SA

On October 1, 2003, National Bank of Greece acquired financial services company Banca Romaneasca SA from Axxess Capital

Acquisition Highlights
  • This is National Bank of Greece’s 1st transaction in the Financial Services sector.
  • This is National Bank of Greece’s 1st transaction in Romania.

M&A Deal Summary
Date 2003-10-01
Target Banca Romaneasca SA
Sector Financial Services
Buyer(s) National Bank of Greece
Sellers(s) Axxess Capital
Deal Type Add-on Acquisition

Target

Banca Romaneasca SA

Bucharest, Romania
Banca Romaneasca SA is a provider of high quality bank services.

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Buyer(S) 1

Buyer

National Bank of Greece

Athens, Greece
Category Company
Founded 1841
Sector Financial Services
Employees8,005
Revenue 2.8B USD (2023)
DESCRIPTION

National Bank of Greece provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom. National Bank of Greece was founded in 1841 and is based in Athens, Greece.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Romania) 1 of 1
Year (2003) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-26 National Bank of Greece - Ethniki Insurance

Athens, Greece

National Bank of Greece's Ethniki Insurance is a provider of mortgage services throughout the nation.

Sell €505M

Seller(S) 1

SELLER

Axxess Capital

Bucharest, Romania

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Axxess Capital is an Eastern European private equity manager focused on investing in Romania and Bulgaria. Axxess looks to commit €5 to €15 million per transaction and targets investments in industry-leading, growth-oriented companies with positive cash-flows. Broad areas of interest include business services, consumer services, and consumer products. Axxess Capital was formed in 1995 and is based in Bucharest, Romania.

DEAL STATS #
Overall 1 of 11
Sector (Financial Services) 1 of 6
Type (Add-on Acquisition) 1 of 6
Country (Romania) 1 of 9
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-01 Domenia Credit SA

Bucharest, Romania

Domenia Credit SA is a mortgage lending company, provides access to home acquisition, land acquisition.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 EELF

Bulgaria

EELF is a regional leasing holding set up companies in Bulgaria, Moldova and Albania.

Buy -
Mergr

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