{"id":9533,"date":"2026-03-30T07:01:34","date_gmt":"2026-03-30T07:01:34","guid":{"rendered":"https:\/\/ofero.news\/?p=9533"},"modified":"2026-03-30T07:01:34","modified_gmt":"2026-03-30T07:01:34","slug":"raiffeisen-confirms-takeover-of-garanti-bbvas-romanian-subsidiary","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=9533","title":{"rendered":"Raiffeisen confirms takeover of Garanti BBVA\u2019s Romanian subsidiary"},"content":{"rendered":"<p>Austria&#8217;s Raiffeisen Bank confirmed on\u00a0March 28 that it would buy Garanti BBVA&#8217;s \u200bRomanian business for EUR 591 million, its \u200cfirst significant acquisition in recent years, according to <a href=\"https:\/\/www.reuters.com\/business\/finance\/austrias-raiffeisen-buy-bbvas-romania-unit-680-million-2026-03-28\/?mc_cid=7f7cf78dff&amp;mc_eid=cd1f92f96c\" target=\"_blank\">Reuters<\/a>. The takeover will bring Raiffeisen to fourth place in Romania by assets, after Banca Transilvania, BCR, and UniCredit \u2013 from its sixth place before the takeover, by surpassing BRD-SocGen and CEC.<\/p>\n<p>The deal marks a turning point for Raiffeisen, which has long been under pressure to withdraw \u200bfrom Russia due to its invasion of \u200bUkraine and the imposition of Western sanctions on \u2060Moscow, the news agency commented.<\/p>\n<p>Raiffeisen&#8217;s CEO Johann Strobl said his bank has a \u200bstrong capital base and is pursuing both organic growth \u200band acquisitions in its core markets.<\/p>\n<p>&#8220;This transaction is a significant strategic step in one of the most attractive banking markets in \u200bCentral and Eastern Europe, a country we know very \u200bwell,&#8221; he said in a statement.<\/p>\n<p>Raiffeisen said the acquisition should make \u200cit \u2060the third-largest bank in the Romanian banking market by total assets. But this apparently does not take into account UniCredit taking over Alpha Bank. At the end of 2025, Raiffeisen Romania\u2019s assets were RON 88.6 billion compared to RON 114 billion assets held by UniCredit, while Garanti BBVA Romania\u2019s assets were RON 15.9 billion at the end of 2025, unlikely to have surged above RON 25 billion (needed to propel Raiffeisen above UniCredit).<\/p>\n<p>The transaction will be completed upon obtaining all regulatory approvals. The closing of the deal is expected for the fourth quarter of 2026, Raiffeisen said. It plans to integrate the business with \u200bits existing \u200bRomanian operations.<\/p>\n<p>Istanbul-listed Garanti \u2060is a majority-owned unit of Spain&#8217;s BBVA (BBVA.MC), opens new tab, which estimates the transaction will have \u200ba net positive impact of around 10 \u200bbasis points \u2060on its CET1 ratio and EUR 112 million on the group&#8217;s income statement.<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: press release)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Austria&#8217;s Raiffeisen Bank confirmed on\u00a0March 28 that it would buy Garanti BBVA&#8217;s \u200bRomanian business for EUR 591 million, its \u200cfirst significant acquisition in recent years, according to Reuters. The takeover will bring Raiffeisen to fourth place in Romania by assets, after Banca Transilvania, BCR, and UniCredit \u2013 from its sixth place before the takeover, by [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9533","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/9533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9533"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/9533\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}