Only six Romanian banks in top 50 largest banks in CEE

Romania has more than 40 banks, but only six of them made it to the top 50 largest banks in Central and Eastern Europe last year, according to a ranking made by Deloitte. The ranking takes into account their total assets at the end of 2013. BCR, Romania’s largest bank, went out of the top 10 and was down to 14th at the end of 2013. Its assets decreased by 10% last year, to EUR 14.88 billion. BRD - Groupe Societe Generale, the second largest bank in Romania, maintained its 21st spot, as its assets were down 3.1%, to EUR 10.7 billion. On the other hand, Banca Transilvania, UniCredit Tiriac Bank and Raiffeisen Bank Romania went up in the ranking. Banca Transilvania went up from 41st to 36th, with EUR 7.19 billion in assets, up 7.2% compared to 2012. UniCredit Tiriac Bank went up from 45th to 40th, as its assets were stable at EUR 6.36 billion, and Raiffeisen Bank Romania went from 50th to 46th, after posting a 10.8% increase in assets, to EUR 6 billion. State-owned CEC Bank was the last Romanian bank in top 50 CEE last year. The largest bank in the region was PKO Bank Polski, with EUR 48 billion in assets, followed by another Polish lender, Bank Pekao, with EUR 38.2 billion. Next came Czech banks CSOB and Ceska sporitelna, and Hungary’s OTP Bank. The full ranking can be found here (page 21). editor@romania-insider.com