Raiffeisen Bank (Romania)
Universal bank in Romania
From Wikipedia, the free encyclopedia
Raiffeisen Bank is a commercial bank in Romanian. A subsidiary of Raiffeisen Bank International, it provides retail, corporate, and investment banking services in the country.
| Raiffeisen Bank | |
|---|---|
| |
| Type | Subsidiary |
| Industry | Finance |
| Founded | 1998 |
| Headquarters | Bucharest , Romania |
Area served | Romania |
| Products | Financial Services, Retail Banking |
Number of employees | 4,858 (2023) |
| Parent | Raiffeisen Bank International |
| Website | www |
History
Raiffeisen Bank Romania was formed in June 2002 following the merger of two Raiffeisen Group entities present in the local market: Raiffeisenbank (Romania) S.A., established in 1998 as a subsidiary of RZB Austria, and Banca Agricola Raiffeisen S.A., established in April 2001 after the acquisition and privatization of the state-owned Banca Agricolă by RZB Austria.
On March 20, 2013, the bank acquired the retail credit portfolio of Citibank Romania.[1]
In March 2026, Raiffeisen Bank reached an agreement to acquire Garanti Bank Romania, the Romanian subsidiary of Banco Bilbao Vizcaya Argentaria (BBVA), for €591 million to further expand its operational presence in the country.[2]
