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Investbank |
Investbank successfully completed the acquisition of 100% of the shares in the capital of commercial bank "Victoria" EAD, according to Investbank
The sale of shares is registered in ] Central deposit after the bank with the majority owner Petya Slavova received the necessary approvals from the Bulgarian National Bank and the Commission for the Protection of Competition
This means that Investbank paid the contract with the receivers of ] Commercial Bank Commercial financial badets. They include 100% of the capital of Victoria Bank and the total exposures of the sole owner of the capital to Victoriabank and the deposit of nearly 96 million leva to the CCB subsidiary of the bank will be returned to the bank in bankruptcy
From Investbank "Informing that the next step in the process, according to the strategy of the Bank, is the transformation of Victoriabank by the merger into a new sole proprietorship, which will lead to an increase in the value of the investment badets of 39 Investbank credit institution
Investor.bg recalls that CB Victoria is a subsidiary of Corporate Commercial Bank, which is in bankruptcy proceedings and all the rights of the owner and the management bodies have been seized and attributed to the Angel unions Donovan and Cristi Marinova appointed by the Deposit Insurance Fund pursuant to the Bankruptcy Bank Act
The subject of the transaction is the sale of 122,090 621 shares, each of which has a nominal value of 1 BGN representing 100% of the capital of Commercial Bank Victoria
From Investbank, that with the purchase of a girl the Bank will increase the value of the Investbank's investment badets and portfolio and reduce overall administrative expenses as a result of the optimization of operations and centralized operations
Based on an badysis of the l 39; state of the banking sector by the "Banking Supervision" of the NBB from the end of 2017, it is understood that Investbank and Victoria Bank are not part of the group of banks of systemic importance defined by the central bank [19659003] Investbank has a 2% share of total badets in the banking system, cat 14 takes place, and "Victoria" tuberculosis has a 0.1% share of total badets and ranks 17th. After the transaction, the merged group will have a 2.1% share of the total badets
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