Banca Transilvania takes over OTP Bank Romania

Banca Transilvania takes over OTP Bank Romania, including the leasing division and the one managing investment funds.

Today, the contract for the acquisition of all the shares of the OTP Group was signed, marking its exit from the Romanian market.

Until the completion of the transaction, which is expected in a few months, both Banca Transilvania and OTP Bank Romania S.A. will act as separate entities.

According to a press release, no action is required from OTP Bank Romania's customers at this stage.

Translated by: Radu Matei