Banca Transilvania Financial Group - through ERB Retail Services - and Flanco are starting a strategic partnership that for customers means financing solutions for the purchase of electro-IT products. Customers receive an answer regarding the granting of financing in maximum 10 minutes, in Flanco stores and on flanco.ro.

ERB Retail Services was acquired by Banca Transilvania together with Bancpost, in 2018, and is now in the integration phase in BT Direct, the consumer finance institution of Banca Transilvania Financial Group. The two institutions will merge in the first part of this year. Flanco is one of the largest electro-IT retailers in Romania, active in 96 cities with 135 stores and with a strong online presence through flanco.ro, which is among the largest online stores in the country.

"Thanks to this collaboration, we will be present with advantageous offers of fast financing in Flanco stores across the country, but also in the online store flanco.ro. Flanco sales consultants in stores are ready to offer customers customized solutions both in terms of the vast experience they have and the financial products offered by ERB Retail Services: varied, with transparent costs and additional benefits. Basically, in 10 minutes Flanco customers can be approved the financing that suits them for the products they want to leave the store with" - says Alexandru Andrei, Commercial Director, ERB Retail Services.

"Flanco's mission, to make people's lives easier and more beautiful through technology, would be much harder to achieve without our financial services partners. We are glad to have found in ERB Retail Services, part of Banca Transilvania Financial Group, a partner that is as dedicated as we are to meet the needs of customers in the electro-IT market with simple, fast and cost-effective financing solutions" – says Oana Barbulescu, Services Manager, Flanco Retail S.A. 

The partnership between the two companies also marks the association of two strong Romanian brands, even in the year in which each of them celebrates 25 years since they are with their customers.