Awards for excellence - Romania
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Awards for excellence - Romania

Best Bank:

Romanian Bank for Development

Best debt house:


Best Equity house:


Best M&A house:

ING Barings

The takeover of the Romanian Bank for Development (BRD) by Société Générale in March 1999 has been described as the best thing that could have happened to the Romanian banking system.

Although BRD cannot be put on an equal footing with the other best banks of the region, it has gone further down the path of transition than any other Romanian bank.

BRD is the second-largest bank in Romania after the state-owned Romanian Commercial Bank (BCR). BRD comes second in its share both of retail deposits (20%) as well as corporate deposits (16%).

It was able to expand its retail accounts by 55% in 2000, which is noteworthy considering that only about 2 million out of a population of 22 million have a banking relationship at all. BRD has offered a range of personal loans and developed banking card services. In July 2000 it also introduced a service to transfer funds internationally through the Western Union system.

Gift this article