Banca Transilvania, BCR, Raiffeisen Bank, ING Bank, BRD, UniCredit Bank and CEC Bank – the 7 largest local financiers – together held, at the end of September 2023, a loan balance of 307 billion lei, compared to 290 billion lei as it was in September 2022. Even if the value of the loan portfolios is increasing, the share of the cumulative balances of the seven largest financiers decreased in 2023 to 80.5% of the total credits accessed by the population and companies in Romania after the first 3 quarters, up from 83 percent covered a year earlier.
The BankingNews publication analyzed the course of the loan portfolios of the 10 largest banks in Romania, with the aim of building an overview of the lending market, the only stable points, from 2021 until now, being ensured by Banca Transilvania and BCR, which occupy the first two positions of the top. Moreover, from 2018 until the end of 2021, Banca Transilvania and BCR fought a fierce and very close battle for supremacy and market share. Currently, Banca Transilvania is by far the leader of the financiers’ market, taking a consistent lead over BCR.
- The figures presented in the BankingNews chart represent the values recorded by loan balances in June 2023 for Raiffeisen Bank, ING Bank, UniCredit Bank, CEC Bank, Exim Banca Românească and in September 2023 for Banca Transilvania, BCR, BRD, Alpha Bank and OTP Bank.
Another interesting battle for market share has as protagonists Raiffeisen Bank, BRD, ING Bank, which aims to occupy the last place on the podium of the top financiers in our country. This competition intensified in 2020, when ING Bank and Raiffeisen Bank proved that they could seriously threaten BRD’s position. The three banks (BRD with 28.9 billion lei, ING Bank with 28.7 billion lei and Raiffeisen Bank with 28.6 billion lei) were separated in the ranking at the end of 2020 by only 300 million lei, a distance of can be considered insignificant.
Maintaining the growth rate of loan balances from the last period, Raiffeisen Bank and ING Bank managed, according to the data from the 2021 balance sheets, to surpass BRD. Meanwhile, the figures after the first nine months of 2023 reveal an acceleration for Raiffeisen Bank, which has settled comfortably in the third position in the top banks in the credit market. At the same time, it should be noted that BRD returned to fourth place, after at the end of 2022, this position was occupied by ING Bank. The data analyzed by BankingNews also reveals that UniCredit Bank and CEC Bank are shoulder to shoulder, sharing the 6th and 7th places in the ranking.
2024-01-08 13:50:58
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