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PBK the new trading symbol for Patria Bank shares on Bucharest Stock Exchange

7/13/2017

Patria Bank shares, a credit institution that operates on the Romanian banking sector, are traded under a new symbol on the Bucharest Stock Exchange (BVB) market, following the successful merger with Banca Comerciala Carpatica. The old trading symbol ‘BCC’ becomes ‘PBK’ as of today, July 13th. Patria Bank shares are traded on the Bucharest Stock Exchange main market, in the Premium category and are part of the BETPlus index.

‘PBK replaces BCC trading symbol on the Bucharest Stock Exchange marking the beginning of a new phase of solid growth after the merger with Banca Comerciala Carpatica. Changing the trading symbol is not just a formal change, it reflects a new strategy and a new bank identity. We want to create a solid credit institution with a significant share in the financing of the Romanian economy and with an attractive offer for people and small businesses in the less developed areas of the country. Our presence on the capital market will be more and more active and we hope to attract as many investors as possible’, said Horia Manda, Chairman of the Board of Directors of Patria Bank.

‘Bucharest Stock Exchange is open to all types of business and to all companies that strive to get bigger, better, more profitable and useful for their clients. We are glad that Patria Bank’s story continues on our market not only that banking sector is one of the best represented, but also because investors will have the possibility to diversify their portfolios’, said Ludwik Sobolewski, CEO BVB.

Patria Bank will focus on the retail segment, using technology to simplify the client's access to performing financial services and will continue to be a strong and trustworthy partner for small and medium Romanian companies, bringing its contribution to the development of the entrepreneurial environment.

‘The bank’s new commercial strategy is focused on the retail development by expanding lending to new environments, consolidation and differentiation of the bank’s position through SMMs and Agro segments, along with maintaining a solid and trustworthy relationship with our depositors. We will be focused in the following years on the financial performance and profit’, mentioned Bogdan Merfea, CEO Patria Bank.

 

About Patria Bank Group

The Patria Bank Group is owned by the Emerging Europe Accession Fund (EEAF), a private equity fund whose main investors are the EBRD (European Bank for Reconstruction and Development), the EIF (European Investment Fund, part of the European Banking Group for Investments, Development Bank, member of the banking group KFW BSTDB (Black Sea Development Bank Development Bank). The Patria Bank Group includes Patria Bank, Patria Credit IFN, SAI Carpatica Asset Management and SAI Patria Asset.

About Bucharest Stock Exchange

Bucharest Stock Exchange develops the most advanced and complex array of programs among the European stock exchanges with the purpose to increase the level of financial education. BVB’s activities are dedicated mostly to existing or potential investors and to entrepreneurs, and their aim is to have a significant contribution to the development of financial literacy in Romania. The technical achievements were also part of BVB strategy and included, among other things, the development of the trading platform Arena XT, which is now used by 13 brokerage companies.