Eurobank released today, on its website, details on the the acquisition of HPB and Proton.
Following last Friday and Saturday decisions, the new Group will have 20,115 employees and 1,261 branches located across seven countries.
- The transaction will enhance the new Group on a number of key metrics:
- Deposits increase by €12 bn, exceeding by €4.2 bn the increase in loans.
- Loans to deposits ratio improves to 114% (from 132% in March 2013).
- Total assets increase by 23% to €79.4 bn.
- Combined synergies from the two transactions are estimated at about €200 mn per annum by 2015, with a NPV of about €800 mn.
Details here.
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