Why is this cross-border legal merger taking place?

This organizational change within the Group is part of Credit Europe Bank’s strategic review to enhance its operations based on expertise and common resources. After the (legal) merger Credit Europe Bank Romania (CEB Romania), will continue its activities in Romania as a branch office of Credit Europe Bank NV. The Dutch Central Bank (De Nederlandsche Bank) approved the envisaged merger and branch opening.

When will this merger take place?

The merger is scheduled to take place on 31 December 2024 and will be effective as from 1 January 2025. As a result of the intra-group cross-border legal merger, Credit Europe Bank Romania will cease to exist, and its products and services will be offered under the Dutch banking license of Credit Europe Bank N.V.

Who will act as the regulator/supervisor after the merger and branch opening?

Credit Europe Bank N.V. and its branch offices remain under the main supervision of the Dutch Central Bank (De Nederlandsche Bank).

Are my funds still protected by the Deposit Guarantee Scheme (DGS)?

Yes, your funds will continue to be protected by the Dutch Deposit Guarantee Scheme (DGS) and are, protected up to an amount equal to € 100,000 per depositor. For joint accounts, the limit of €100,000 applies to each depositor individually. You can read more about this on the Deposit Guarantee Scheme Information Sheet.