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

Romania

Best bank
Banca Comerciala Romana Best investment bank
Raiffeisen Bank

Most improved bank
Banca Transilvania

Banca Comerciala Romana continues to dominate an increasingly competitive Romanian banking market. It has a 29% share of total assets. In the past year, its deposits grew by 20%, while its leasing unit grew by 60% in 2003. It is also developing a consumer finance business.

In January, it launched a $200 million syndicated loan, which was the first international loan launched by a Romanian financial institution. The issue was helped by a ratings upgrade from Standard & Poor?s before launch, from B to B+.

Towards the end of 2003, the Romanian government finally took some steps forward with the privatization of BCR, selling a 25% stake to the European Investment Bank and International Finance Corporation. Privatization of the bank has become a priority after the IMF made it a condition of lending, and the EU also signalled that it expected more progress in banking privatization. Another 25% stake of BCR is expected to be sold to a private investor this year. A strong investor would put BCR in a good position to maintain its leadership of the market in the run-up to EU accession.

Gift this article