BREAKING | Raiffeisen Bank are undă verde să preia Garanti Bank

Raiffeisen Bank has received approval to acquire Garanti Bank for €591 million, aiming to become one of Romania's top banks. The transaction includes Garanti Bank and related entities, with completion expected by late 2026. This acquisition marks a significant move for Raiffeisen, which seeks to enhance its market position amid ongoing consolidation in the Romanian banking sector. The integration process is projected to be completed by mid-2027, with financial benefits anticipated by 2028. Raiffeisen's CEO expressed confidence in Romania's market potential, highlighting the strategic importance of this acquisition as the bank reduces its operations in Russia.