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f Citibank sold its retail banking operations to Raiffeisen Bank in 2015, and currently only has corporate banking operations on the local market. g First Bank was known as Piraeus Bank until 2018, when the Piraeus Bank Group left the Romanian market and sold its subsidiary to J.C. Flowers & Co.
In 2004, RBS purchased the credit card division of Connecticut-based People's Bank. [16] [17] This purchase allowed Citizens to issue and market its own credit cards. In October 2015, RBS sold its remaining stake in Citizens Financial Group, having progressively reduced its stake through an initial public offering (IPO) started in 2014. [18]
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2010s, this has become the most common way that ...
Ion Țiriac Bank was founded in 1991, and then in June 2005 it merged with HVB Bank Romania. [10] In the merger moment in 2005, Ion Țiriac Bank has a network of 60 units, total assets of 706 million (31 March 2005) and a market share of 2.9%, which ranks 11th in the banking system in Romania. [11]
In 2006, The Royal Bank of Scotland Group undertook the first trial of PayPass contactless debit and credit cards in Europe. [54] The bank is introducing Visa Debit cards with the technology for current accounts, which can be used to pay for purchases up to £30 by tapping an enabled card on the retailer's terminal. [55]
Worldpay Group plc (formerly RBS WorldPay) was a payment processing company. It was formerly listed on the London Stock Exchange until 16 January 2018 when it was acquired by Vantiv . The combined company then took the name Worldpay, Inc. Worldpay, Inc. was acquired by FIS in July 2019 for $43 billion. [ 3 ]
NatWest Offshore Limited was an Isle of Man-incorporated bank formed in 1997, with branches in Jersey, Guernsey and Gibraltar.The business was transferred to RBS International through private members' legislation passed in each of the four jurisdictions in 2001, with RBS retaining NatWest as a trading name as well as continuing its existing business.
2004 - BCR is the first bank in Romania to install Currency Exchange Machines (CEM) 2005 - BCR enables the use of CHIP cards (smart-card) in its ATM and POS network 2006 – Banca Comercială Română launches for the first time, through the BCR University, the internship program – STUDENT BCR – allowing students to take internships in ...