At the end of August last year Bank Austria Creditanstalt and Banca Tiriac finalized the transaction leading to the merger between HVB Bank Romania and Banca Tiriac. The preparations for the integration of the two banks started in September 2005 and throughout these preparations the two banks functioned in parallel. The merger of the two banks was finalized on September 1st, 2006.
The new name of the bank is Banca Comerciala HVB Tiriac S.A. The new bank will combine the strengths and the best practice of the two financial institutions. The merged Bank will continue using the BIC Code of HVB Bank Romania: BACXROBU.
“You shall benefit from highly competitive products and services and all the advantages offered by an extensive network consisting of more than 80 units,” says a spokeswoman to the bank’s clients.