PVFC and medium WesternBank notice to shareholders, customers said, on 14/6 last, the central bank has approved in principle and WesternBank consolidated PVFC.
It is considered as an important step in the consolidation process both credit institutions.
After the central bank approved in principle, and WesternBank PVFC will complete the procedures for the approval of the central bank official added. Westerbank said the merger between Bank and PVFC will not affect the normal operation of the two organizations. In particular, the legitimate interests of bank depositors are guaranteed.
According WesternBank leadership, the merger between Western Bank and the undertakings PVFC comprehensive restructuring of banking and financial system is a good signal for banking flourishes more in the future. At the same time, Western Bank has consistently affirmed that this consolidation does not take away the rights of the customers but also add value to the customer when the transaction as well as bring peace of mind and confidence for the who are working at the bank as well as Western Bank merged.
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