Raiffeisen Locuinte poised to absorb HVB Locuinte - Azi

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Housing banks Raiffeisen Banca pentru Locuinte (RBL) and HVB Banca pentru Locuinte, which specialise in saving-lending, could merge by the end of this year, after RBL shareholders signed an agreement on Tuesday to take over the full stake in HVB Locuinte.

The necessary approvals from the National Bank and from the Competition Council are expected by autumn.Banking sources say the value of the transaction will not exceed several million euros.Negotiations to take over HVB Locuinte have been...

Read the whole story in: Ziarul Financiar