BCR leads Romania’s banking market with 16.28% share in 2016

Banca Comerciala Romana (BCR) remained Romania’s largest bank by assets at the end of last year with a market share of 16.28%, up from 15.8% at end-2015, the central bank said, according to SeeNews.com.

With total assets worth 64.06 billion lei ($15.8 billion/13.9 billion euro) at the end of December, BCR, owned by Austria’s Erste, led the ranking, BNR said in its annual report published earlier this week.

Banca Transilvania [BSE:TLV] ranked second, with assets worth 51.7 billion lei at end-2016 and a market share of 13.15%, slightly up from 13% in 2015.

Shares of blue-chip Banca Transilvania were traded 4.40% higher at 2.58 lei as at 1410 CET on Wednesday on the Bucharest Stock Exchange (BVB).

BRD bank [BSE:BRD], majority owned by French financial group Societe Generale, ranked third, with assets worth 50.6 billion lei and a market share of 12.87% at the end of 2016, higher than 12.6% in the previous year.

BRD’s shares were changing hands 2.04% higher at 14 lei on Wednesday on the BVB at 1346 CET.


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