Garanti BBVA Completes the Sale of Its Romanian Subsidiary
Garanti BBVA has successfully completed the sale of its Romanian subsidiary to Raiffeisen Bank – the Romanian unit of the Austrian bank, Raiffeisen Bank International AG (RBI) – for €571 million, after receiving the necessary regulatory approvals.
The transaction amount totals €571 million. It will generate net capital gains of approximately €83 after tax. In addition, it will have a positive impact on the BBVA Group’s CET1 ratio of around 8 basis points.
Garanti BBVA’s subsidiary in Romania is the country’s tenth-largest financial institution in terms of asset volume, with a market share of approximately two percent, and assets totaling €4 billion at the end of 2025 (less than five percent of Garanti BBVA’s assets).