Banca Transilvania acquired Idea::Bank and the other companies with the IDEA brand in Romania

Press release 2021-10-29
Banca Transilvania acquired Idea::Bank and the other companies with the IDEA brand in Romania


Horia Ciorcila, BT: "We are confident that by what we have proposed
we are trailblazers on the Banking Market in Romania"

 

  • Idea::Bank is the third bank acquired by Banca Transilvania.
  • The new entity of the BT Financial Group will be a hub of digital banking.
  • The positive impact in the economy and society of the idea acquisition::Bank is the contribution to the consolidation of the banking industry and the repositioning of the bank as a digital platform, with the ESG agenda.


Banca Transilvania has completed the acquisition of the shares held by the Polish group Getin Holding in Idea::Bank, Idea::Leasing and Idea::Insurance Broker. BT announced the signing of the acquisition agreement in June a.c., and recently received the approvals necessary to complete the transaction from the National Bank of Romania and the Competition Council.

The current Idea::Bank will become a hub of digital banking, surpassing the sphere of traditional banks. All three entities currently known under the Idea brand will have new corporate identities. The positive impact in the economy and society of the acquisition Idea::Bank is the contribution to the consolidation of the banking industry and the repositioning of the bank as a digital platform, with the ESG agenda on all levels.

"Weare glad to bring to the ecosystem of Banca Transilvania, together with the capabilities of BT, a new entity, which has the technology in its DNA. We are confident that through what we have proposed we are pioneers on the banking market in Romania, for customers increasingly oriented towards online banking. We thank those who contributed to the success of this acquisition – authorities, consultants, lawyers and the dedicated BT team. We also thank the Getin Holding Group for their trust and collaboration", said Horia Ciorcila, President, Board of Directors, Banca Transilvania.

For operations, services and consultancy, Idea::Bank clients must continue to address the Idea::Bank team, the contact details being the following: salut@idea-bank.ro,*4455, respectively any of the bank's branches.

The omni-channel ecosystem of Banca Transilvania integrates the advantages of the traditional branch with online banking. 67% of the total clients - 2.3 million - are digitized, currently using at least one of the bank's digital solutions – applications, Internet Banking or Mobile Banking.

Idea::Bank is the third bank acquired by Banca Transilvania, after Bancpost (2018) and Volksbank Romania (2015).

The consultants of Banca Transilvania in this transaction were: Barclays Bank Ireland PLC, Filip & Company, EY and Linklaters.