Best bank: Banca Transilvania
Romania was the place of perhaps the most important bank M&A deal to be announced in 2023: the merger of the local units of Italian group UniCredit and Greece’s Alpha Bank. The deal promised to allow UniCredit, as the owner of 90% of the merged entity, to supplant Societe Generale-owned BRD as the country’s third-biggest bank.
Even on a standalone basis, UniCredit’s 2023 numbers in Romania show strong financial performance and growing confidence.
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