Following the acquisition of Tiriac Leasing IFN SA by lender Banca Transilvania in June 2022, both leasing companies are part of Banca Transilvania Financial Group. The merger has as main objective the consolidation and growth of this business segment, a stock market report shows.
Until the completion of the merger, the two non-banking financial institutions will continue to have separate activities.
In January 2022, Banca Transilvania, the largest lender in Romania by assets, signed an agreement with Tiriac Group to acquire Tiriac Leasing with assets worth EUR213 million (almost RON1 billion).
BT Leasing has assets worth RON1.366 billion. In 2018, BT Leasing merged with ERB Leasing which was acquired by Banca Transilvania Group from Greece’s Eurobank Group.