The cross-border intragroup merger between Credit Europe Bank (Romania) S.A. and its Dutch parent company Credit Europe Bank N.V. has been successfully completed. Effective January 1, 2025, Credit Europe Bank operates in Romania as a branch office of the Dutch bank, under the name Credit Europe Bank N.V. Amsterdam Bucharest Branch.
This step is an important milestone in realizing Credit Europe Bank's strategy to enhance its operations by benefiting from shared expertise and common resources within the Group. The transition underlines the bank's commitment to sustainable growth in Romania while enhancing its ability to deliver reliable, customer-focused products and user-friendly financial services.
Senol Aloglu, CEO of Credit Europe Bank N.V.: "This merger is an important step forward for us. It will increase synergy, lead to better use of resources, and supports our goal to further grow our reliable business in Romania”.
“By leveraging the strengths and resources of our parent company, we will be even better positioned to deliver innovative products and services that meet the evolving needs of our customers," says Yakup Çil, Country Manager Romania.
Looking ahead, Credit Europe Bank will maintain a strong focus on expanding its portfolio of digital products. By capitalizing on shared expertise and resources, the bank aims to develop innovative solutions that address customer needs and provide greater convenience, reinforcing its position as a trusted partner in the Romanian market.
About Credit Europe Bank N.V. Amsterdam Bucharest Branch
In Romania, Credit Europe Bank provides a wide range of products and services to individuals, SMEs and corporations. Credit Europe Bank has opened a new chapter in digitalization and technology, introducing Apple Pay and Google Pay, launching monet, the new mobile banking app for all clients, as well as the Avantaj SoftPOS application, for merchants. At the same time, the institution's website was relaunched, a new version of the AVANTAJ2go mobile app was released and a new interface of the Internet Banking platform was presented.
As a member of the Dutch financial group Credit Europe Bank N.V., the Romanian banking entity has been active since 1993, when it operated under the name Industrial and Commercial Credit Bank, becoming Finansbank (in 2000) and then, in 2007, following a rebranding process, receiving the name of Credit Europe Bank (Romania) S.A. As of 1 January 2025, the bank became a local branch of the Dutch parent company operating under the name of Credit Europe Bank N.V. Amsterdam Bucharest Branch, following an intragroup merger with Credit Europe Bank N.V.
More information about the bank’s products and services can be found on www.crediteurope.ro and www.cardavantaj.ro.
