Banca Transilvania SA

05/28/2024 | Press release | Distributed by Public on 05/28/2024 09:16

Banca Transilvania Group, agreement to acquire BRD Pensii

"The acquisition is a strategic step of Banca Transilvania Financial Group, through which we develop the voluntary pension funds - Pillar III, already existing in our offer, and reach a new market, the privately managed pension funds - Pillar II, creating synergies between Banca Transilvania Group companies. After bank deposits, private pensions are the second most important financial asset of the population, a historical accumulation of capital for Romania. This is why the private pension system represents a stable source of capital that contributes to the financing of the State, but also to the private sector, with a long-term investment perspective. We believe that, through our capabilities, we can make an accelerated contribution to the development of this fundamental pillar of our economy, offering clients a diversified range of savings products", says Ӧmer Tetik, General Manager, Banca Transilvania.