Țiriac Leasing
Banca Transilvania acquired BT Leasing in June 2022. This was BT's first acquisition of a leasing company not belonging to a financial-banking group, marking a strategic step to strengthen its position in the car leasing market. At the time, it was the third leasing business acquired by BT, after Idea::Leasing (2021) and ERB Leasing (2018).
Țiriac Leasing acquisition
Status
Completed acquisition
June 2022
Impact on business and economy
Strategic move: involvement in a niche business model that is a game changer on the automobile market
Strengthening BT’s market position through alternative financing services
BT Leasing reached 25,000 customers, EUR 500 million in its portfolio, over RON 2.8 billion in assets and almost 250 employees
Present in 11 showrooms in the country