OTP Bank Romania becomes Banca Transilvania on February 28, 2025

Business Forum

19 December, 2024 at 11:52 AM

The integration of OTP Bank Romania into Banca Transilvania started in August 2024 and ends on February 28, 2025, with the merger of the two banks. Banca Transilvania and OTP Bank Romania will operate independently until the merger and will continue to ensure as smooth a transition as possible for OTP Bank Romania's customers.

February 28, 2025 is the date on which OTP Bank Romania customers become BT customers, and the last day on which they can still use OTP Bank Romania products and services.

"I thank shareholders for this vote of confidence on the plan to merge Banca Transilvania with OTP Bank Romania. It is BT's fastest integration in just seven months. The period so far has unfolded according to our ambitious plan thanks to the collaboration of 750 people from the teams of the two banks, who have allocated more than 150,000 hours to specific projects. I am confident that the integration will go well until the end, together with BT's organic growth," says Horia Ciorcilă, Chairman of the Board of Directors, Banca Transilvania.

Banca Transilvania acquired OTP Bank Romania and the other Romanian subsidiaries of the OTP Group this year for €347.5 million. The first merger took place in early December 2024 between BT Leasing and OTP Leasing.

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