Banca Transilvania no.1 in the Romanian banking sector, followed by BCR and BRD

Banca Transilvania has strengthened its first position by assets in the Romanian banking system as it overtook BCR following the acquisition of Bancpost, according to fresh central bank data.

The annual report of the National bank of Romania (BNR) shows that Banca Transilvania had assets of RON 74.35 billion (EUR 15.9 billion) at the end of 2018 and a market share of 16.48 percent, Business Review reads.

The second-largest bank in Romania, BCR, registered assets of RON 67.9 billion (EUR 14.6 billion) and 15.05 percent market share, while BRD ranked third with assets of RON 54.1 billion (EUR 11.6 billion) and 11.99 percent.

The list of top 10 largest banks by assets in Romania also includes UniCredit (assets of RON 41.5 billion, market share of 9.21 percent), Raiffeisen Bank (RON 40 billion, 8.88 percent), ING Bank (RON 38.4 billion, 8.51 percent), CEC Bank (RON 29.3 billion, 6.5 percent), Alpha Bank (RON 17 billion, 3.76 percent), OTP Bank (RON 11.1 billion, 2.45 percent) and Garanti (RON 10.3 billion, 2.27 percent).