UniCredit Bank Romania Merger with Alpha Bank Romania Successfully Completed

The merger between UniCredit Bank S.A. (UniCredit Bank in Romania) and Alpha Bank  România S.A. (Alpha Bank Romania) has been successfully completed. The combined  UniCredit Bank strengthens the market position of the UniCredit Group in the country in both  corporate and retail segments. 

The new bank has 11% market share in assets, 13% in loans (UniCredit Consumer Financing)  and 11% in deposits from customers. 

UniCredit Bank in Romania has now a network of approximately 300 branches in optimal  proximity to the customers and ensures their efficient access to various financial solutions. The  bank’s customers can use a wide network of 900 ATMs across the country. Over 4,800  employees work in the combined bank. This number includes Alpha Bank Romania  employees. 

Andrea Orcel, CEO of UniCredit, stated: “The integration of Alpha Bank and UniCredit in  Romania was completed smoothly and in record time, demonstrating once again UniCredit’s  ability to decisively and efficiently integrate complex systems and organizations into one at  pace, for the benefit of our clients, people, shareholders and all other stakeholders. This  acquisition and merger of Alpha Bank Romania enables UniCredit to strengthen its market  position and unlock new potential for accelerated, profitable growth, both for us and for our  customers. Alpha’s long-standing presence in Romania, that continues via its maintaining a  9.9% stake in UniCredit Bank Romania, reinforces our strategic role in Eastern Europe, a  region in continuous development. UniCredit Group has a credible trajectory of sustainable  quality organic growth.” 

The completion also marks the delivery of first milestone of another of UniCredit’s key growth  accelerators, following the successful internalization of Italy’s life insurance, further  underscoring the sustainability of UniCredit’s sustainable quality growth. 

Mihaela Lupu, CEO of UniCredit Bank in Romania said: “By completing the merger, we  become a stronger bank and better positioned for the future. We were delighted that there was  a very good energy between our teams, and we complemented each other, managing to  become one bank in just 9 months. Alpha Bank Romania customers, whom I welcome to  UniCredit, will enjoy wider range of financial solutions, an extensive network of branches and  ATMs, and the top banking technology.”