“We are very close to 13% market share and aiming for 13.5%-14% in 2017,” Banca Transilvania’s CEO says. The bank he runs will continue to look for potential acquisitions among the banks up for sale, after having acquired Volksbank’s local operations last year.
Banca Transilvania, the third largest bank in Romania by assets, reached 12.6% market share last year, following the Volksbank acquisition. It was the most dynamic big lender during the crisis, gaining more than 7% in market share since 2008. Except for the Volksbank acquisition, its strategy was to seek organic growth.
(English version by Loredana Fratila-Cristescu)