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Economy and Banking Sector of Romania

Major Banks of Romania

Rank
1
Total Assets
74,250.59 mln RON  (+25.38%)
Market Share
16.56 %
Rank
2
Total Assets
67,267.00 mln RON  (-0.08%)
Market Share
15.00 %
Rank
3
Total Assets
53,983.36 mln RON  (+1.25%)
Market Share
12.04 %
Rank
4
Total Assets
41,387.84 mln RON  (+27.02%)
Market Share
9.23 %
Rank
5
Total Assets
39,854.82 mln RON
Market Share
8.89 %
Rank
6
Total Assets
38,337.19 mln RON  (+14.04%)
Market Share
8.55 %
Rank
7
Total Assets
29,270.30 mln RON  (-7.42%)
Market Share
6.53 %

#1: BANCA TRANSILVANIA S.A.

Banca Transilvania was founded in 1994 as a local bank, but rapidly expanded to the regional and then national level. Banca Transilvania operates as a universal bank, offering retail, private and corporate banking products and services.

Business Focus
universal banking

BANCA TRANSILVANIA S.A. is the 1st largest bank in Romania in terms of total assets. In 2018 its total assets were 74 250,59 mln RON, providing the bank with the market share of 16.56%. In 2018 the bank's net income was 1 219,39 mln RON.

BANCA TRANSILVANIA S.A. is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BB (speculative). BANCA TRANSILVANIA S.A. participates in deposit guarantee scheme of Romania. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: Banca Comerciala Romana S.A.

Banca Comerciala Romana S.A. (BCR) was established in 1990 by taking over the commercial operations of the National Bank of Romania and in 2006 was acquired by Erste Bank (Austria). Banca Comerciala Romana provides universal banking operations (retail, corporate and investment banking, treasury and capital markets), and covers leasing operations, private pensions and housing financing through its subsidiaries.

Business Focus
universal banking

Banca Comerciala Romana S.A. is the 2nd largest bank in Romania in terms of total assets. In 2018 its total assets were 67 267,00 mln RON, providing the bank with the market share of 15.00%. In 2018 the bank's net income was 970,45 mln RON.

Banca Comerciala Romana S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade). Banca Comerciala Romana S.A. participates in deposit guarantee scheme of Romania. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: BRD - Groupe Societe Generale S.A.

BRD - Groupe Societe Generale (BRD) traces its roots back to 1923 when its ancestor, Societatea Nationala de Credit Industrial, was established. In December 1998, Société Générale Société Générale subscribed a 20% capital increase and purchased a stock that allowed it to own 51% of BRD's increased capital. In 2001, BRD was listed on the Bucharest Stock Exchange. In 2004, Société Générale purchased the residual stock held by the Romanian State in the capital of BRD. BRD operates as a universal bank providing retail and corporate banking products and services to individuals, SMEs and business entities. Through its subsidiaries BRD offers asset managament, insurance and pension solutions.

Business Focus
universal banking

BRD - Groupe Societe Generale S.A. is the 3rd largest bank in Romania in terms of total assets. In 2018 its total assets were 53 983,36 mln RON, providing the bank with the market share of 12.04%. In 2018 the bank's net income was 1 545,99 mln RON.

BRD - Groupe Societe Generale S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade). BRD - Groupe Societe Generale S.A. participates in deposit guarantee scheme of Romania. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: UniCredit Bank S.A.

UniCredit is one of the largest European commercial banks. UniCredit is focused on providing financial products and services in Western and Central and Eastern Europe. UniCredit has 4 main business lines: commercial banking (including retail, direct, private and business banking), corporate and investment banking, asset management and asset gathering.

Business Focus
universal banking

UniCredit Bank S.A. is the 4th largest bank in Romania in terms of total assets. In 2018 its total assets were 41 387,84 mln RON, providing the bank with the market share of 9.23%. In 2018 the bank's net income was 550,80 mln RON.

UniCredit Bank S.A. is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). UniCredit Bank S.A. participates in deposit guarantee scheme of Romania. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#5: RAIFFEISEN BANK SA

Raiffeisen Banking Group (Austria) established a representative office in Romania in 1994. In 1998 it was transformed into a subisidiary Raiffeisen Bank (Romania), which was providing banking products and services for companies. Now Raiffeisen Bank (Romania) operates as a universal bank providing retail, private and corporate banking products and services to individuals, SMEs and companies.

Business Focus
universal banking

RAIFFEISEN BANK SA is the 5th largest bank in Romania in terms of total assets. In 2018 its total assets were 39 854,82 mln RON, providing the bank with the market share of 8.89%. In 2018 the bank's net income was 881,09 mln RON.

RAIFFEISEN BANK SA is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade). RAIFFEISEN BANK SA participates in deposit guarantee scheme of Romania. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#6: ING Bank NV, Amsterdam - Bucharest Branch

ING Bank is a member of ING Group, a financial company specializing in insurance and banking. ING Bank is a universal bank offering a wide range of products and services to individuals, families, small businesses, large corporations, financial institutions, governments, public and private institutions and supranational bodies. ING Bank is a market leader in "Benelux" countries (the Netherlands, Belgium and Luxembourg) where it currently has strong market positions in retail and commercial banking. ING Bank NV, Amsterdam - Bucharest Branch operates as a branch of ING Bank NV (Netherlands).

Business Focus
universal banking

ING Bank NV, Amsterdam - Bucharest Branch is the 6th largest bank in Romania in terms of total assets. In 2018 its total assets were 38 337,19 mln RON, providing the bank with the market share of 8.55%. In 2018 the bank's net income was 674,32 mln RON.

ING Bank NV, Amsterdam - Bucharest Branch participates in deposit guarantee scheme of the Netherlands. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#7: CEC BANK S.A.

CEC Bank is a universal commercial bank offering diverse and high-quality bank products and services to its clientele, focusing mainly on financing agricultural SMEs, public administration, as well as those banking projects that, by their nature, contribute to the economic development of Romania.

Business Focus
SME banking

CEC BANK S.A. is the 7th largest bank in Romania in terms of total assets. In 2018 its total assets were 29 270,30 mln RON, providing the bank with the market share of 6.53%. In 2018 the bank's net income was 354,60 mln RON.

CEC BANK S.A. participates in deposit guarantee scheme of Romania. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also