Raiffeisen Bank has reached an agreement to acquire Garanti BBVA Group Romania’s entities

The transaction will be completed upon obtaining all regulatory approvals. The closing of the transaction is expected for the fourth quarter of 2026. 

Until this process is finalized, the two entities will continue to operate independently, each functioning as before, with no changes to existing contractual terms. At this stage, customers do not need to take any action: all active contracts, product packages and services used will remain unchanged until the transaction is completed.

Afterwards, a gradual integration process will be initiated which, according to current estimates, is expected to be completed in the second half of 2027. 

The integration plan will be implemented in clearly defined stages to ensure a smooth transition, with no disruption to client relationships and no impact on the services provided. Each stage will be carefully planned, communicated in advance and closely monitored so that any necessary adjustments can be made quickly and efficiently.

Johann Strobl, RBI CEO: „This transaction represents a significant strategic move in one of the most attractive banking markets in Central and Eastern Europe, in a country we know very well. It reflects our commitment to maintaining our position as a future-oriented financial institution that continues to support Romania’s population and economic development”. 

Michael Höllerer, current member of the Supervisory Board and elected RBI CEO as of July 1st, 2026: „We are proud to announce this significant milestone in our long-term strategy for Central and Eastern Europe. By bringing together the strength of Raiffeisen Bank Romania with the capabilities of Garanti BBVA, RBI is further consolidating its presence in a core market for our Group.”

Zdenek Romanek, President & CEO Raiffeisen Bank Romania: „Our strategy is to provide best financial planning services and practical digital solutions for the benefit of all our clients – individuals, families and companies – to support their financial future. This transaction strengthens our scale and our operations and represents another step in Raiffeisen Bank’s long-term growth strategy in Romania.”

Present in Romania since 1998, Garanti BBVA has over time developed a solid portfolio of banking products and services for all business segments: Retail, SME and Corporate. Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) is main shareholder of Garanti BBVA.