Acquiring Company
Raiffeisen Bank
Acquired Company
Garanti BBVA Romania
Vienna
RomaniaFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Raiffeisen Bank confirmed on March 28 that it will acquire Garanti BBVA's Romanian subsidiary for EUR 591 million. This transaction will elevate Raiffeisen to the fourth-largest bank in Romania by assets. The deal is a strategic move for Raiffeisen amidst pressures related to its Russian operations. Completion is subject to regulatory approvals, with a closing expected in Q4 2026.
Who to call at Raiffeisen Bank, and when
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Frequently asked
Who acquired Garanti BBVA Romania?
Garanti BBVA Romania was acquired by Raiffeisen Bank, based in Vienna. The deal was reported on March 30, 2026. Raiffeisen Bank is a prominent financial institution operating in Austria and Central and Eastern Europe. It offers a range of banking services including retail and corporate banking solutions. Raiffeisen Bank is privately held and operates in Financial Services.
When did Raiffeisen Bank acquire Garanti BBVA Romania?
Raiffeisen Bank's acquisition of Garanti BBVA Romania was reported on March 30, 2026. Raiffeisen Bank confirmed on March 28 that it will acquire Garanti BBVA's Romanian subsidiary for EUR 591 million. This transaction will elevate Raiffeisen to the fourth-largest bank in Romania by assets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Garanti BBVA Romania do?
Garanti BBVA Romania is a prominent bank in Romania with a focus on providing innovative financial products and services. The bank aims to support various sectors of the economy, especially underrepresented groups such as women entrepreneurs. It is privately held, operating in Financial Services, and is based in Romania.
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