Agricover Group, controlled by Jabbar Kanani, is looking with interest at Patria Bank, a bank put up for sale by shareholder EEAF Financial Services BV, sources within the banking industry said.
According to information circulating in the market, several investors are looking at Patria Bank. These include Vista Bank, Libra Bank, a group of businessmen from Turkey, former bankers, Dan Ostahie of Altex and a banking group from the Republic of Moldova. Now Agricover has also been added to the list.
The Agricover Group, through its holding company and Agricover Credit IFN, is the second largest financier in the agricultural sector, after Banca Transilvania.
Patria Bank is 85% owned by the investment fund EEAF Financial Services BV. The remaining shares are owned by individuals and legal entities.
The EEAF Financial Services BV fund is managed by Horia Manda, chairman of Patria Bank’s board of directors.
At the end of 2024, Patria Bank ranked 17th in the Romanian banking system, with a market share of 0.51%.