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Banca Transilvania S.A. (also BT or TLV) is a banking institution with headquarters in Cluj-Napoca, Romania. The bank was founded in 1993 in Cluj-Napoca with a capital of 2 billion RON, of which 79% was Romanian and 21% foreign. BT is the largest bank in Romania in terms of assets, with a market share of over 16%. [2]
a Banca Transilvania acquired Bancpost in 2018 from Eurobank. b Banca Transilvania acquired Volksbank Group's Romanian subsidiary in 2015. c UniCredit Bank acquired Royal Bank of Scotland's Romanian subsidiary in 2015. d Raiffeisen Bank acquired Citibank's retail banking operations in 2013. e OTP Bank acquired Millennium BCP's Romanian ...
Location of Romania. Romania is a sovereign state located in Southeastern Europe.Following rapid economic growth in the early 2000s, Romania has an economy predominantly based on services, and is a producer and net exporter of machines and electric energy, featuring companies like Automobile Dacia and OMV Petrom.
After World War II and the Nationalization Law of June 1948, Societatea Națională de Credit Industrial was nationalized and became Banca de Credit pentru Investiții. [ 2 ] BRD was founded in 1990 as a commercial bank by taking over assets of the former Investment Bank of Romania.
Banca Comercială Română, now part of the Erste Group; Banca Transilvania, the biggest bank detained by private investors with domestic capital; BRD – Groupe Société Générale, formerly known as Romanian Bank for Development; CEC Bank, the state-owned bank, formerly known as Casa de Economii și Consemnațiuni
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It was bought by Banca Transilvania in 2021. It was renamed to Salt Bank on 21 November 2023. [2] In November 2023, Salt Bank formed a partnership with Starling Bank, a British challenger bank, to use its cloud-based banking platform known as Engine by Starling. [3] In 2024, Idea Bank SA became Salt Bank SA.
It was founded in 1992 as a public limited company, with the Romanian state being the majority shareholder. Currently, the majority of the shares, ie 95.3%, is managed by the Ministry of Finance, the other shareholders are SIF Banato Crisana - 0.31%, SIF Moldova - 0.31%, SIF Transilvania - 0.31%, SIF Muntenia - 0.42% and SIF Oltenia - 3.27%.