The merger between Intesa Sanpaolo Bank and First Bank has reached its final stage, with completion scheduled for October 31, 2025, pending final legal and regulatory approvals, including the green light from the National Bank of Romania and the Trade Register.
Under the agreement, First Bank will merge by absorption with Intesa Sanpaolo Bank Romania. Following the merger, all clients, products, and services of First Bank will be transferred to Intesa Sanpaolo Bank, with an emphasis on a smooth and secure transition for customers.
Upon completion, First Bank customers will gain access to the extensive resources of the Intesa Sanpaolo Group, which serves over 21.5 million customers across 12 countries in CEE and Egypt. Benefits include an expanded network access of 58 branches and over 700 ATMs and multifunctional terminals across Intesa Sanpaolo and Euronet networks.
The merger will take legal effect on October 31, 2025, provided all approvals are finalized by then. Should registration with the Trade Register occur later, the merger will take effect on the last day of that month.
During the migration, First Bank cards will remain valid through October 30, 2025, while new Intesa Sanpaolo debit cards become active on October 31 and credit cards on November 3.
Articolul Intesa Sanpaolo-First Bank merger enters final stage, completion set for October 31 a fost publicat prima dată în Money Buzz! • Știri Economice, Știri Financiare, Știri Business