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Economy and Banking Sector of Romania

Major Banks of Romania

Rank
1
Total Assets
87,368.85 mln RON  (+17.67%)
Market Share
17.77 %
Rank
2
Total Assets
70,652.14 mln RON  (+5.03%)
Market Share
14.37 %
Rank
3
Total Assets
55,616.75 mln RON  (+3.03%)
Market Share
11.31 %
Rank
4
Total Assets
44,563.77 mln RON  (+16.24%)
Market Share
9.06 %
Rank
5
Total Assets
44,409.43 mln RON  (+7.30%)
Market Share
9.03 %
Rank
6
Total Assets
42,510.22 mln RON  (+6.66%)
Market Share
8.65 %
Rank
7
Total Assets
32,806.58 mln RON  (+12.08%)
Market Share
6.67 %

#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.

Services
retail banking
business banking
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
investment funds
consumer loans
car loans
mortgage loans

BANCA TRANSILVANIA S.A. is the 1st largest bank in Romania in terms of total assets. In 2019 its total assets were 87 368,85 mln RON, providing the bank with the market share of 17.77%. In 2019 the bank's net income was 1 620,51 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 the 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.

Services
retail banking
private banking
business banking

Banca Comerciala Romana S.A. is the 2nd largest bank in Romania in terms of total assets. In 2019 its total assets were 70 652,14 mln RON, providing the bank with the market share of 14.37%. In 2019 the bank's net income was 651,91 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 Baa1 (lower medium grade). Banca Comerciala Romana S.A. participates in the 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.

Services
retail banking
private banking
business banking
corporate banking
Clients
natural persons
self-employed professionals
farmers
SMEs
companies
corporations
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
investment funds
consumer loans
express loans
overdraft loans
medical loans
mortgage loans

BRD - Groupe Societe Generale S.A. is the 3rd largest bank in Romania in terms of total assets. In 2019 its total assets were 55 616,75 mln RON, providing the bank with the market share of 11.31%. In 2019 the bank's net income was 1 528,52 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 Baa1 (lower medium grade). BRD - Groupe Societe Generale S.A. participates in the deposit guarantee scheme of Romania. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: 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).

ING Bank NV, Amsterdam - Bucharest Branch is the 4th largest bank in Romania in terms of total assets. In 2019 its total assets were 44 563,77 mln RON, providing the bank with the market share of 9.06%. In 2019 the bank's net income was 819,52 mln RON.

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

#5: 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.

Services
retail banking
private banking
business banking
corporate banking
investment banking
institutional banking

UniCredit Bank S.A. is the 5th largest bank in Romania in terms of total assets. In 2019 its total assets were 44 409,43 mln RON, providing the bank with the market share of 9.03%. In 2019 the bank's net income was 572,92 mln RON.

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

#6: 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.

Services
retail banking
premium banking
private banking
business banking
corporate banking
investment banking

RAIFFEISEN BANK SA is the 6th largest bank in Romania in terms of total assets. In 2019 its total assets were 42 510,22 mln RON, providing the bank with the market share of 8.65%. In 2019 the bank's net income was 779,46 mln RON.

RAIFFEISEN BANK SA is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade). RAIFFEISEN BANK SA participates in the deposit guarantee scheme of Romania. 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.

CEC BANK S.A. is the 7th largest bank in Romania in terms of total assets. In 2019 its total assets were 32 806,58 mln RON, providing the bank with the market share of 6.67%. In 2019 the bank's net income was 379,58 mln RON.

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

See Also