Finance | 3 March, 2025 at 11:49 AM
Banca Transilvania and OTP Bank Romania become one bank
Banca Transilvania Group has Romania's richest track record in acquisitions and integrations.
Banca Transilvania Group has Romania's richest track record in acquisitions and integrations.
Banca Transilvania's shareholders approved BT's merger with OTP Bank Romania at an Extraordinary General Meeting.
Fintech solutions are currently the main driver for the development and differentiation of the offer of financial-banking institutions in an increasingly competitive and dynamic market.
Capital ratio climbed to 23,36% underscoring the institution's financial strength, providing a solid foundation for future growth and stability.
2023 report shows great consolidated financial results, with growing profitability and increasing income.
Optional pension funds in Romania can allocate up to 10% of their total assets to private equity investment funds in Romania, the EU, and OECD countries.
BCR achieved a net profit of RON 742 million (€149 million) during Q1 2025, marking a 19.8% increase compared to the RON 620 million (€125 million) in Q1 2024
A study by Forvis Mazars Group reveals that while C-suite executives in Romania and CEE remain largely optimistic about growth.
OMV Petrom concluded the first quarter of this year with a net profit of RON 1.07 billion (€200 million), a 24% decrease compared to the same period in 2024.
Engie Romania has announced the acquisition of a 54 MW wind farm project in Mereni, Constanța. The deal contributes to the company's goal of reaching 1 GW of installed capacity.