Vista Bank makes its debut on the Bucharest Stock Exchange with a bond issue worth EUR 17 million
April 22, 2026
Vista Bank, a financial institution with over 25 years of presence on the Romanian banking market, marks today its debut as a bond issuer on the Bucharest Stock Exchange (BVB), listing a EUR 17 million bond issue on the Regulated Market of the Exchange and thereby strengthening its strategy to diversify funding sources through the capital market.
Vista Bank operates in Romania through a network of 35 branches and 5 Business Centers, offering a full range of financial and banking products and services tailored to both local and international clients.
The bonds listed today are part of a broader Medium‑Term Notes (MTN) Programme, under which the Bank may issue bonds in several tranches. The maximum nominal value of all tranches under the programme amounts to EUR 100 million.
Key features of the bond issue VISTA36E:
Volume: 170 bonds with a nominal value of EUR 100,000 each
Interest rate: Floating, calculated as EURIBOR 3M + 3%, with quarterly coupon payments
Maturity: March 18, 2036
Type: Corporate bonds, non‑convertible and unsecured
Subscription: The bond offering was subscribed by 3 professional investors
Use of proceeds The funds will be used to finance the Bank’s general activity
“We welcome Vista Bank to the Bucharest Stock Exchange. The bank's debut through the MTN Bond Program demonstrates confidence in the capital market mechanisms and reaffirms the Exchange's role as a financing engine for Romanian companies. We are pleased to see Vista Bank joining the growing number of financial institutions turning to the capital market for funding. This is a testament to the local market's maturity, providing the flexibility and efficiency that financial institutions need to support their growth plans. We look forward to a solid partnership with Vista Bank, as we mark many more successful milestones together”, stated Remus Vulpescu, CEO of the Bucharest Stock Exchange.
“The listing of our first bond issue on the Bucharest Stock Exchange marks an important milestone in Vista Bank’s development and confirms our strategy to diversify and optimize our capital structure. Through this transaction, we strengthen our capacity to further support our clients and to actively contribute to the financing of the Romanian economy. We would like to thank the investors for their trust and interest in this inaugural bond issue, as well as the Bucharest Stock Exchange for their exceptional professionalism and collaborative approach. We strongly believe that the capital market will play an increasingly important role in our growth strategy,” said Georgios Athanasopoulos, CEO Vista Bank.
Clifford Chance Badea acted as legal counsel to the issuer during the transaction. The BVB Trading Participant that represented Vista Bank for the admission to trading of this bond issue is Swiss Capital.
“This transaction reaffirms the evolution of the Romanian capital market into a mature, efficient, and increasingly competitive financing channel for financial institutions. Swiss Capital is strengthening its position as a leading advisor and intermediary for issuers seeking sophisticated financing solutions and direct access to the institutional investor base. Vista Bank's debut on the bond market is not only a premiere for the issuer but also a clear indicator of the accelerating trend in utilizing capital market instruments. We anticipate sustained growth in this segment, and Swiss Capital will continue to play a central role in the structuring and execution of such transactions”, stated Remus Dănilă, Capital Markets Specialist, Swiss Capital.
Vista Bank holds total assets of over EUR 2 billion, loans amounting to EUR 1.1 billion and deposits of EUR 1.8 billion, according to preliminary data as at the end of 2025.
About Vista Bank
Vista Bank has been present on the Romanian banking market since 1998 and operates a network of 35 branches and 5 Business Centers. The Bank offers a full range of products and services to both local and international clients. In recent years, Vista Bank has pursued an accelerated growth and consolidation strategy on the local market, including the acquisition of Crédit Agricole Bank Romania in 2022 and Alpha Leasing Romania and Alpha Insurance Brokerage (Romania) in 2025. At the beginning of 2026, Vista Bank signed an agreement for the acquisition of Investimental, a transaction expected to be completed in the second quarter of this year, subject to approval by the Romanian Financial Supervisory Authority. The expansion of the business will allow the Bank to optimise its capacity to deliver an enhanced banking experience to existing and future clients. More information: www.vistabank.ro.
About Bucharest Stock Exchange
BVB is the only securities market operator in Romania. On the two markets it manages – the Regulated Market and the Multilateral Trading System – a wide range of financial instruments are listed, such as stocks, bonds, fund units, ETFs, certificates, structured products, and preferential rights. In 2025, the market capitalization of all companies listed on the BVB exceeded the threshold of RON 500 billion (EUR 100 million).
The BET Index, the main index of the Romanian capital market, which reflects the performance of the 20 most liquid companies listed on the BVB, recorded in 2025 the best performance of the past 16 years (+46%). Since the beginning of the year, the BET index has recorded a 17% increase.
In 2020, the Romanian capital market was recognized through its promotion to Emerging Market status by the global index provider FTSE Russell. Currently, 12 Romanian companies are included in FTSE Russell indices dedicated to emerging markets. In 2025, MSCI recognized the local capital market as an Advanced Frontier Market, marking a milestone on the path toward Romania obtaining Emerging Market status from MSCI. A total of 35 Romanian companies are included in MSCI indices. More information is available at www.bvb.ro.
