Vista Bank has been present on the Romanian banking market since 1998, being formerly known as Marfin Bank. Through its 31-branch network, the bank addresses medium and large corporate clients, as well as affluent customers, with an attractive offer of modern, tailor-made financial products.
In July 2018, the Bank was acquired by a new shareholder, one of the largest industrial conglomerates in Southeastern Europe, and starting May, 2019, our name is Vista Bank. This new era came with important transformations for the bank, to the benefit of our clients and employees. An important cornerstone was the achievement of a 40 million-euro capital increase, a proof of our shareholder’s confidence in the potential of the Romanian market and an action that ensured the bank a solid capitalization, well above the minimum mandatory requirements. We are determined to play an important role here in Romania, in a sustainable and long-term manner, thanks to the financial strength of our new shareholder.
Moreover, the bank has seen a significant strengthening of its business, management and strategy. We launched a new generation of products and services and invested in digitization, to bring more comfort to our clients. And we are determined to continuously improve our offer. We are fully committed to our principles of providing personalized, superior services and value added financial solutions to our customers, companies and individuals.
In line with the strategy of consolidating its market position, Vista Bank completed in September 2021 the acquisition of 100% shares in Crédit Agricole Romania. The integration of the two entities is expected to finalize in 2022. Until the completion of the merger, Vista Bank and Crédit Agricole Romania will operate independently and the customers of Crédit Agricole Romania will continue to address to Crédit Agricole Romania for all their banking services. After the merger, Vista Bank will have total assets of above € 1.4 billion, loans of € 800 million, deposits of € 1.2 billion and over € 105 million in CET1 capital. Scaling up our business will allow us to increase our efficiency, accelerate growth and improve our capacity to offer a better banking experience to our existing and future clients.