First Bank (Romania) Overview and Performance

First Bank (Romania) has a long history dating back to 1999, when it was established as a commercial bank in Romania. The bank has since grown to become one of the largest private banks in the country.

First Bank's headquarters is located in Bucharest, Romania's capital city. The bank has a strong presence in the Romanian market, with a network of over 100 branches across the country.

The bank's performance has been impressive, with a significant increase in assets and customer base over the years. In 2020, First Bank reported a net profit of over 100 million euros, a notable achievement in a challenging economic environment.

First Bank's commitment to innovation and customer satisfaction has earned it a loyal customer base, with over 1 million customers across Romania.

First Bank was founded on May 3, 1995 as Pater Bank.

The bank was founded in 1995, marking the beginning of its journey in the financial sector.

Pater Bank started its operations in 1995 and was later renamed to First Bank.

First Bank has a rich history that spans over two decades, with a significant milestone being its founding in 1995.

First Bank's early days were marked by its founding on May 3, 1995, as a new entity in the banking industry.

The bank's founding year, 1995, is a notable milestone in its history, shaping the path it has taken since then.

First Bank S.A. is part of the deposit guarantee system in Romania, which covers all types of deposit accounts held by individuals and businesses.

This system provides protection up to 100,000 EUR (or its equivalent in local currency) per bank and per depositor.

The coverage applies to all deposit accounts, so you can feel secure knowing your deposits are protected in case of any unforeseen circumstances.

First Bank (Romania) operates in several countries.

Its products and services are available in Romania.

The bank offers its savings products in Romania.

It's worth noting that this information is specific to Romania and may not be applicable to other countries.

First Bank S.A. offers a variety of deposit options in different currencies, including CHF, EUR, RON, and USD.

They have a total of 49 deposit options and 9 savings accounts available in these currencies.

In Romania, First Bank S.A. offers deposits in CHF with interest rates starting at 0.03% for a 6-month term and 0.03% for a 12-month term.

For EUR deposits in Romania, the interest rates range from 0.03% for a 0-month term to 2.65% for a 6-month term.

RON deposits in Romania have interest rates starting at 1% for a 0-month term, and going up to 5.7% for a 12-month term.

USD deposits in Romania offer interest rates starting at 0.3% for a 0-month term, and going up to 0.4% for a 12-month term.

The highest interest rate mentioned is 5.7% for a 12-month RON deposit.

First Bank, a bank owned in Romania by the American investment fund J.C. Flowers, is disappearing from the country.

This is not the first time a bank has disappeared from Romania, as another bank has recently signed an agreement for acquisition.

The bank in question, First Bank, has signed an agreement with the Israeli bank Bank Leumi for the acquisition of its participations in the Romanian subsidiary Bank Leumi Romania.

The acquisition is conditional on the approval of the National Bank of Romania and the Competition Council and is expected to be finalized in the second half of the year.

First Bank aims to expand and consolidate its presence in Romania, with the goal of becoming a strong player in the local market.

This is the second acquisition made by the American investment fund J.C. Flowers in Romania in less than a year, demonstrating its interest and commitment to the valuable Romanian market.

First Bank's president, Dominic Bruynseels, has stated that the bank will continue to do business "The American Way", focusing on growth, quality services, digitalization, and efficiency.