Bucharest, 23 January 2020 - Further to the announcement on June 20, 2019, EximBank has completed the acquisition of Banca Românească S.A. (BROM). The offer, made in June in accordance with the applicable law in Romania, was part of EximBank's agreement with National Bank of Greece (NBG) to acquire its 99.28% stake in BROM.

With the acquisition, EximBank enters into the attractive Romanian retail banking segment, transforming itself into a fully universal banking entity and continuing to fulfil its long -term mission to support and promote Romania's economic development. The combined bank will feature among the top 10 banks in Romania with the market share of approximately 3%.

EximBank CEO Traian Halalai said: "The acquisition of Banca Românească places EximBank in a better position to serve Romanian citizens and to play a more active role in the development of the Romanian economy. BROM's market share, great management team, good solvency and liquidity positions fit very well and complement our existing capabilities. I look forward to building on the combined strengths of both institutions during the upcoming integration process which will create a universal bank capable of better serving our country."

J.P. Morgan Securities plc acted as sole financial advisor to EximBank in relation to this transaction. EximBank was also assisted by Pricewaterhouse Coopers Management Consultants SRL, while Linklaters LLP acted as international legal counsel and Bulboaca & Associates as local legal counsel to EximBank.