Banca Transilvania will purchase the shares held by the Polish group Getin Holding to Idea::Bank, Idea::Leasing and Idea::Insurance Broker. The acquisition agreement has been signed, and until receiving the approval of the BNR and the Competition Council, the IDEA entities will carry out their activity independently. The transaction value is 213 million lei (43 million euros).

Companies from Romania that are under the IDEA brand mean 2.85 billion lei total assets, over 60,000 clients, 530 employees and 46 units, at the end of last year.

Getin Holding Group is listed on the Warsaw Stock Exchange and operates in retail banking, leasing, financial intermediation, factoring, and consulting in Poland, Ukraine, and Romania.

„We see the acquisition of Idea::Bank as a new opportunity for Banca Transilvania and its customers. While the previous acquisitions were aimed at strengthening BT's business, this one is part of the strategy to continue launching online banking initiatives. Idea::Bank, as part of the Banca Transilvania Financial Group, will be a digital banking hub through which we will launch and develop creative digital solution ideas for current and future customers. We thank the top management of Getin Holding Group for their trust and collaboration and everyone who contributed to the success of this transaction” – declares Horia Ciorcila, President, Board of Directors, Transylvania Bank.

„We are proud of what our companies have achieved in Romania. As a foreign investor, Getin Holding is very happy to have contributed to the development of the Romanian economy. As part of our philosophy, seeing our mission fulfilled, we are happy that the assets in Romania will become part of the Financial Group Banca Transilvania, the largest and most dynamic player on the market” – said Piotr Kaczmarek, General Director, Getin Holding.

In this transaction, Barclays Bank Ireland PLC, Filip & Company, EY and Linklaters are the consultants of Banca Transilvania, while Rothshild & Co., Sayenko Kharenko and Nestor Nestor Diculescu Kingston Petersen are those of Getin Holding.

Transilvania Bank made its first acquisition in 2015, Volksbank Romania, an event that marked the largest transaction in the banking market in Romania. In 2018, the bank bought Bancpost, ERB Retail Services, and ERB Leasing. These acquisitions completed BT's strategy for growth and market share consolidation, leading - together with organic growth - to the bank's rise to first place in the Romanian banking system.

Banca Transilvania means today 3.2 million clients, over 9,000 employees, 500 branches, but also the largest financial group in Southeastern Europe.