The taken over group includes Garanti Bank S.A., the financial leasing company Motoractive IFN S.A., under the brand name Garanti BBVA Leasing, and the operational leasing company Motoractive Multiservices S.R.L., under the brand name Garanti BBVA Fleet Management.
With the transaction now completed, Garanti BBVA Romania becomes part of Raiffeisen Bank International Group (RBI).
“We are pleased to welcome Garanti BBVA Romania to the RBI Group. Romania is a priority market for us,” stated Michael Höllerer, CEO of Raiffeisen Bank International. „Together, we will be able to serve more people and businesses, offer a broader range of financial solutions,” he added.
Garanti BBVA Romania and Raiffeisen Bank Romania will continue to operate independently, with each bank conducting business as usual. Existing contractual terms remain unchanged, and customers do not need to take any action at this stage. All active contracts, product packages, and services will continue without change until the merger is completed.
“By welcoming Garanti BBVA Romania into our group, we strengthen our capabilities and gain further momentum to accelerate our growth ambitions,” stated Zdenek Romanek, President and CEO of Raiffeisen Bank Romania. „The journey ahead will take time, but I am confident that, in the end, we will bring together not only two banks, but also two exceptional teams”.
(English version by Catalina Apostoiu)