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Garanti BBVA Sells Romanian Unit to Raiffeisen for €591M

3/30/2026

Summary

Story summary

Garanti BBVA, a Turkish bank, will sell its Romanian business to Austria's Raiffeisen Bank for 591 million euros ($680 million).
The sale includes 100% of Garanti Bank S.A. and Motoractive IFN S.A., pending regulatory approvals.
The transaction, approved by Garanti BBVA's board, is expected to complete in the fourth quarter of 2026.
This decision follows Garanti BBVA's March 10 announcement to evaluate strategic options for its Romanian operations.
The sale is projected to improve BBVA's CET1 ratio by about 10 basis points and add 112 million euros to its income statement.

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Story summary

Garanti BBVA, a Turkish bank, will sell its Romanian business to Austria's Raiffeisen Bank for 591 million euros ($680 million).
The sale includes 100% of Garanti Bank S.A. and Motoractive IFN S.A., pending regulatory approvals.
The transaction, approved by Garanti BBVA's board, is expected to complete in the fourth quarter of 2026.
This decision follows Garanti BBVA's March 10 announcement to evaluate strategic options for its Romanian operations.
The sale is projected to improve BBVA's CET1 ratio by about 10 basis points and add 112 million euros to its income statement.