Banca Transilvania announced the signing of the purchase agreement in June 2021, and in the fall of 2021, the lender received the necessary approvals from Romania’s central bank and from the Competition Council for the completion of the transaction. On October 29, 2021, Banca Transilvania finalized the acquisition of the entire ownership stake (100%) held by Poland’s Getin Holding Group in Idea::Bank, Idea::Leasing and Idea::Broker de Asigurare. The value of the deal reaches RON213 million (EUR43 million).
Idea::Bank is the third bank acquired by Banca Transilvania, after Bancpost (2018) and Volksbank Romania (2015).
On Tuesday (April 19, 2022), Banca Transilvania financial group announced the first services made available to the customers of Idea::Bank, as well as the launch of an information microsite.
The integration of Idea::Bank into the BT Financial Group is in progress until June 13, 2022, when the assignment to Banca Transilvania of the contracts concluded by Idea::Bank with its clients will be completed. BT plans to turn Idea::Bank into a digital banking hub, going beyond traditional banking, thus, Idea::Bank will remain a standalone entity focused on digitalization. All three entities, namely, Idea::Bank, Idea::Leasing and Idea::Broker de Asigurare, currently known under the Idea brand, will have new corporate identities.
Starting April 18, 2022, all Idea::Bank customers can use their cards at Transilvania Bank ATMs under the same cost conditions as those charged to Banca Transilvania customers.
At a later stage, starting with May 10, 2022, Idea:: Bank customers will receive by e-mail and/or mail personalized information about all the products and services that Banca Transilvania offers, as a result of the assignment of contracts, equivalent to those from Idea::Bank.
Starting June 14, 2022, Idea::Bank customers who become BT customers will be able to access the products and services exclusively through Banca Transilvania.