On the same date, Tesonet also signed conditional agreements to acquire additional shares in Artea Bank from multiple existing shareholders. The acquisitions will be executed through a series of transactions and are subject to required regulatory and other approvals. Tesonet aims to complete the transactions by the end of the first quarter of 2027.

Additionally, Tesonet announced its intention to apply for regulatory clearance from the European Central Bank to ultimately acquire a controlling stake in the Bank. Subject to receiving this approval, Tesonet will evaluate further market transactions to achieve a controlling shareholding.

Tomas Okmanas, co-founder of Tesonet, said, “We are confident in the trajectory the Bank’s team is taking. Our goals remain unchanged – by combining our strengths, we aim to help unlock the bank’s full potential and deliver exceptional long-term value to its customers and the broader market. We are excited about the opportunities ahead and the role we can play as a shareholder in shaping the next stage of growth”.