First Bank (Romania)
| Formerly | Piraeus Bank Romania (2000-2018) Pater Bank (1995-2000) |
|---|---|
| Company type | Societate pe Acțiuni (S.A.) |
| Industry | Financial services |
| Founded | May 3, 1995 |
| Headquarters | , |
Area served | Romania |
Key people | Henk Paardekooper (CEO) |
| Total assets | EUR 1.479 billion (31 December 2024) |
| Owner |
|
Number of employees | 959 (2023) |
| Website | firstbank |
First Bank was a Romanian bank founded in 1995 as Pater Bank. It was acquired by Italian group Intesa Sanpaolo in May 2024 and merged with Intesa Sanpaolo's Romanian branch (Intesa Sanpaolo Bank Romania) on 31 October 2025.
History
Five years after it was founded, Pater Bank was sold in 2000 to Piraeus Bank,[1] and its name was changed to reflect its new owner. Piraeus Bank sold its Romanian subsidiary to J.C. Flowers & Co. on 28 June 2018, who changed the bank's name to First Bank on 12 September 2018.[2]
As of the following month, its shareholding structure became as follows:[3]
- J.C. Flowers & Co. - 76.1%
- EBRD - 19%
- Natural persons - 4.9%
In April 2020, First Bank acquired and absorbed the Romanian subsidiary of Bank Leumi.
Acquisition by Intesa Sanpaolo and subsequent merger
In May 2024, the Italian banking group Intesa Sanpaolo finalised the acquisition of Romanian lender First Bank, thus expanding its footprint in Romania.[4]
On 31 October 2025, Intesa Sanpaolo merged First Bank into its Romanian branch (Intesa Sanpaolo Bank Romania), thus discontinuing the 'First Bank' brand in Romania.[5]
See also
References
- ^ "Registrul Institutiilor de Credit – Banci". bnr.ro. Banca Nationala a Romaniei. Retrieved 28 August 2014.
- ^ "First Bank". Archived from the original on 2018-12-30. Retrieved 2018-12-30.
- ^ "BERD confirmă intrarea în acţionariatul Piraeus Bank România, alături de J.C. Flowers. Banca preia 19% din capital, iar fondul american de investiţii 76%". Ziarul Financiar (in Romanian). 2018-07-18. Retrieved 2018-12-30.
- ^ "Intesa Sanpaolo Finalizes Acquisition of First Bank". 31 May 2024.
- ^ "Merger between Intesa Sanpaolo Bank Romania and First Bank nears completion". 14 October 2025.