S.I.F. Oltenia S.A. (BVB:SIF5) said that it is seeking to sell its 3.27% stake in majority state-owned Export-Import Bank of Romania - EximBank S.A. after the lender's shareholders approved its merger by absorption with Banca Romaneasca. The stake is equivalent to some 4.34 million shares in EximBank, SIF Oltenia said in a statement filed with the Bucharest Stock Exchange, BVB, on June 9, 2022. The shares' selling price will be established by an independent authorized expert, according to legal provisions.

EximBank acquired Banca Romaneasca in 2020 from National Bank of Greece (NBG). The two lenders will merge by absorption at the end of this year.