RBI Announces Agreement to Acquire Garanti BBVA Group Romania

Raiffeisen Bank International AG announced on 28 March 2026 that its Romanian subsidiary Raiffeisen Bank S.A. has reached an agreement to acquire 100 per cent of the shares in Garanti BBVA Group Romania from subsidiaries of Banco Bilbao Vizcaya Argentaria S.A. The transaction covers Garanti Bank S.A. and the leasing unit Motoractive IFN S.A. The transaction is subject to closing and regulatory approvals. The purchase price is EUR 591 million subject to adjustments at closing. Based on a CET1 ratio of 15.5 per cent for the RBI Group excluding Russia as of year-end 2025 the transaction is expected to have a minus 60 basis point impact on the CET1 ratio at closing. Closing of the transaction is expected in the fourth quarter of 2026. RBI plans to merge the acquired units with its respective Romanian operations in order to realize the identified operational and cost synergies. The acquisition will strengthen RBI's position in the Romanian banking market. Garanti Bank S.A. had total assets of around EUR 4 billion at year-end 2025 and a market share of approximately 2 per cent. With this acquisition Raiffeisen Bank S.A. is expected to become the third-largest bank in Romania by total assets based on H1/2025 market shares.