Raiffeisen close to acquiring Garanti BBVA Romania

Raiffeisen Bank International AG is approaching an statement to get the Romanian operations of Garanti BBVA, reported Bloomberg.

The Austrian slope has reportedly projected a acquisition terms of astir 1.2 times the publication worth for the unit, which would magnitude to astir €550m ($640m) based connected past year’s fiscal data.

Negotiations are said to beryllium good advanced, though determination remains a anticipation of delays oregon that the discussions could extremity without a deal, the sources said.

Both BBVA and Raiffeisen person declined to comment.

One root told Reuters that paying supra publication worth is “unavoidable fixed the constricted fig of takeover targets ⁠on offer,” adding, “It's presently a seller's market.”

Garanti BBVA, listed successful Istanbul, stated successful a banal speech filing that it is assessing assorted possibilities for its assets and subsidiaries and is unfastened to considering offers for a imaginable transaction, but emphasised that nary last determination has been made.

At the extremity of January, Raiffeisen Bank CEO Johann Strobl noted that the slope maintained "a buffer for acquisitions".

While helium did not code rumours astir involvement successful Garanti BBVA Romania specifically, Strobl commented that respective markets are considered appealing by Raiffeisen, with Romania among them.

Raiffeisen precocious reported a 48% summation successful preliminary 2025 consolidated profit, attributed to higher indebtedness growth.

The woody would correspond a important improvement for Raiffeisen pursuing unsuccessful attempts to divest its Russian portion and astir €2bn successful losses from ineligible cases related to foreign-currency loans issued by its erstwhile Polish business.

"Raiffeisen adjacent to acquiring Garanti BBVA Romania " was primitively created and published by Retail Banker International, a GlobalData owned brand.

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