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Wednesday, February 23, 2005

Top ten banks in Romania

Bloombiz published the top of the most powerful (ranked by assets) banks in Romania for 2004.

The COmmercial Bank of Romania (www.bcr.ro) remains on first place with 32% higher than a year before (total assets of about EUR 6 billion). In terms of market share, BCR owns 26%, compared to 29% at the end of 2003.

On second place comes BRD Societe Generale (www.brd.ro), with EUR 3 billion in assets and 13% marketshare.

Raiffeisen is the most dynamic bank as they doubled their assets in one year, reaching a total of about EUR 2 billion. Also, in terms of market share Raiffeisen was on a growing trend, reaching 9,2% in 2004 - up from 6,9% in previous year.

Fourth comes The Romanian Savings Bank, with a market share of 5,9%. ING is on fifth palce followed by ABN Amro.

HVB is up to seventh position (being nineth one year ago), with assets growing by almost 100%. Bankpost is on 8th place, followed by Alpha Bank on nineth and Transilvania Bank is on last place. Tiriac Bank is out of the top.

First five banks in the system own about 60% of total banking assets and the first 10 have about 80%.

Personally, I have a very possitive opinion about ING and their new retail offers. I have been one of their customers for about two months now and I am very pleased by their services.

Posted by Mihai : 2/23/2005 11:22:00 am