The transaction will be completed upon obtaining regulatory approvals, with closing expected in the fourth quarter of 2026. A gradual integration process is anticipated to be completed in the second half of 2027.

Until the process is finalized, both entities will continue operating independently with no changes to existing contractual terms. Customers do not need to take any action as all active contracts, product packages and services will remain unchanged until transaction completion.

Johann Strobl, RBI CEO, said: "This transaction represents a move in one of the banking markets in Central and Eastern Europe, in a country we know well. It reflects our commitment to maintaining our position as a financial institution that continues to support Romania's population and economic development."

Michael Höllerer, current member of the Supervisory Board and elected RBI CEO as of July 1st, 2026, added: "We are announcing this milestone in our long-term strategy for Central and Eastern Europe. By bringing together the strength of Raiffeisen Bank Romania with the capabilities of Garanti BBVA, RBI is further consolidating its presence in a core market for our Group." Zdenek Romanek, President & CEO Raiffeisen Bank Romania, noted the transaction strengthens their scale and operations as part of the bank's long-term growth strategy in Romania.