Banca Transilvania, the third largest bank in Romania by assets, signed a binding agreement in December 2014 to take over Volksbank Romania. The financial details of the deal have not been made public.
At the end of August, Banca Transilvania received central bank approval to merge and absorb Volksbank Romania on December 31, 2015.
In September 2015, Banca Transilvania had assets worth RON39.39 billion, up 10.6% compared with December 2014.