BUCHAREST (Romania), July 5 (SeeNews) – 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.
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.
The 10 largest banks had a combined share of 80.3% of Romania's banking market at the end of December 2016.
Below is a list of the top 10 Romanian banks in terms of assets:
| |
Toal assets end-2016 (bln lei) |
Market share end-2016 |
Market share end-2015 |
| BCR |
64.06 |
16.28 |
15.8 |
| Banca Transilvania |
51.77 |
13.15 |
13.0 |
| BRD – Groupe Société Générale |
50.65 |
12.87 |
12.6 |
| Raiffeisen Bank |
33.41 |
8.49 |
8.4 |
| UniCredit Bank |
32.68 |
8.30 |
8.1 |
| Alpha Bank |
14.73 |
3.74 |
4.0 |
| Bancpost |
11.65 |
2.96 |
3.0 |
| Garanti Bank |
8.95 |
2.28 |
2.5 |
| OTP Bank |
8.21 |
2.09 |
2.3 |
| Piraeus Bank |
6.57 |
1.67 |
1.9 |
Total banking assets in Romania rose to 316.3 billion lei at end-2016, up from 300.2 billion lei a year earlier.
(1 euro = 4.5868 Romanian lei)
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