Horia Ciorcila, BT: „We are confident that through what we have proposed
we are trailblazers on the banking market in Romania”

• Idea::Bank is the third bank acquired by Banca Transilvania.
• The new entity of the BT Financial Group will be a digital banking hub.
• Positive impact on the economy and society of the Idea::Bank acquisition is the contribution to the consolidation of the banking industry and the repositioning of the bank as a digital platform, with an ESG agenda.

Transilvania Bank has completed the acquisition of shares held by the Polish group Getin Holding to Idea::Bank, Idea::Leasing and Idea::Insurance Broker. BT announced the signing of the acquisition agreement in June this year, and recently received the necessary approvals for the completion of the transaction from the National Bank of Romania and the Competition Council.

The current Idea::Bank will become a digital banking hub, surpassing the sphere of traditional banks. All three entities currently known under the Idea brand will have new corporate identities. The positive impact on the economy and society of the Idea::Bank acquisition is the contribution to the strengthening of the banking industry and the repositioning of the bank as a digital platform, with an ESG agenda on all levels.

„We are happy to bring into the Transilvania Bank ecosystem, alongside BT's capabilities, a new entity that has technology in its DNA. We are confident that through what we have set out to do we are pathbreakers on the banking market in Romania, for clients increasingly oriented towards online banking. Thank you to those who contributed to the success of this acquisition – authorities, consultants, lawyers and the dedicated BT team. Also, thank you to the Getin Holding Group for trust and collaboration”, states Horia Ciorcila, President, Board of Directors, Transilvania Bank.

For operations, services and consultancy, Idea::Bank clients must continue to contact the Idea::Bank team, the contact details being as follows: hello@idea-bank.ro, *4455, respectively any of the the bank branches.

The omni-channel ecosystem of Transilvania Bank integrates the advantages of the traditional branch with online banking. 67% of the total customers - 2.3 million - are digitalized, regularly using at least one of the bank's digital solutions – applications, Internet Banking, or Mobile Banking.

Idea::Bank is the third bank acquired by Banca Transilvania, after Bancpost (2018) and Volksbank Romania (2015).

Consultants of Transilvania Bank in this transaction were: Barclays Bank Ireland PLC, Filip & Company, EY and Linklaters.