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BBVA close to agreement with Raiffeisen Bank International to sell Romanian subsidiary it controls through Garanti
16 Articles
16 Articles
The bank achieved around 10 percent less profit, with a total profit of just under CHF 1.1 billion in 2025.
The Austrian bank Raiffeisen Bank International would be in talks with BBVA to close the purchase of the Romanian subsidiary of BBVA, which controls through Garanti, its business in Turkey. According to Bloomberg, attributing to sources familiar with the matter, the group would have offered 1.2 times the accounting value of the entity, which would imply a price of approximately 550 million euros, based on last year's balance sheet data.From Gara…
For some EUR 550 million, the bank could probably take over the Romanian subsidiary of the large Spanish bank BBVA, which would make RBI the third largest bank in Romania.
BBVA close to agreement with Raiffeisen Bank International to sell Romanian subsidiary it controls through Garanti
The Corner Link Securities | According to the Romanian newspaper Ziarul Financiar, Raiffeisen Bank International is set to be the bank that will ultimately purchase BBVA’s Romanian subsidiary, which it controls through Garanti, Expansión reported yesterday. BBVA and Raiffeisen have declined to comment. Negotiations initially began with ING, although ultimately, the bank is more inclined to close the sale with Raiffeisen. The decision to sell wil…
Raiffeisen close to acquiring Garanti BBVA Romania
Raiffeisen Bank International AG is approaching an agreement to acquire the Romanian operations of Garanti BBVA, reported Bloomberg. The Austrian bank has reportedly proposed a purchase price of about 1.2 times the book value for the unit, which would amount to approximately €550m ($640m) based on last year’s financial data. Negotiations are said to be well advanced, though there remains a possibility of delays or that the discussions could e…
In his first year as CEO, Gabriel Brenna had to explain lower profits. However, mortgages and customer deposits are growing. He remains determined for 2026.
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