Banca Transilvania Financial Group received approval for Certinvest Pensii acquisition

BT Asset Management and BT Investments received from the Financial Supervisory Authority the approval for the acquisition of 100% of Certinvest Pensii, the only local player among the pension funds administrators in Romania.

Banca Transilvania Financial Group announced in October 2019, the intention to expand its financial services for its over 3 million clients through an investment in the field of private pensions. Thus, a firm commitment was signed in Bucharest, between BT Asset Management, BT Investments and Certinvest Pensii regarding the acquisition.

“We are starting with almost 10,000 clients and over 75 million RON to manage. A period of integration of Certinvest Pensii into BT Financial Group and of preparation for clients will follow. We address to those who establish a long-term plan regarding the private pension, clients that are close to the BT brand. We thank the authorities for their support”, states Aurel Bernat, Chief Executive Officer, BT Asset Management.

The transaction was assisted by BT Capital Partners, the investment banking and capital markets company of BT Financial Group, an exclusive member in Romania of the international alliance Oaklins.