Banca Transilvania to create digital banking hub with Idea::Bank acquisition

Romania’s biggest lender Banca Transilvania (BT) has reached the closing phase for the acquisition of Getin Holdings’ shares in Idea::Bank, Idea::Leasing and Idea::Insurance Broker. Idea::Bank is the third bank purchased by Banca Transilvania, after Bancpost (2018) and Volksbank Romania (2015), according to

BT announced the signing of the purchase agreement in June this year, and lately, the bank received the necessary authorizations for the completion of the transaction from the National Bank of Romania and from the Competition Council.

Idea::Bank will become a digital banking hub. All the three entities known under the Idea brand will have new corporate identities.

The new transaction will not only contribute to the Romanian banking sector consolidation but will also convey the affirmation of the new bank as a digital platform with an ESG agenda at all levels, BT said.

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