Volksbank Romania
Volksbank Romania was the first bank acquired by Banca Transilvania. In addition to the business impact - materialized in the increase in market share and the 1-position rise in the ranking of Romanian banks - it opened the M&As series for BT.
Seller: Österreichische Volksbanken AG, Groupe BPCE, DZ BANK AG and WGZ BANK AG (Austria)
Volksbank Romania acquisition
Status
Completed acquisition
December 2014
Impact on business and economy
Banca Transilvania climbed from 3rd place (9.8%) to 2nd place (12.6%) in the top banks in Romania
Strengthening BT's business
It marked the start of BT’s acquisitions, integrations and mergers that followed