Vista Bank has been present on the Romanian banking market since 1998, being formerly known as Marfin Bank. Through its 35-branch and 5-business centre network, the bank addresses medium and large corporate clients, professional farmers, 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, in September 2021 Vista Bank acquired 100% shares in Crédit Agricole Romania. The integration of the two entities was successfully completed on October 1, 2022. After the merger, Vista Bank has €1.64 billion total assets, €920 million loans, and €1,5 billion deposits (as at December 2022). 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.