(Il Sole 24 Ore Radiocor) - Milano, 30 mar - Spanish lender BBVA said at the weekend that it had reached a agreement to sell 100% of the Romanian business of its Garanti BBVA unit to Austrian lender Raiffeisen Bank International for 591 million euros.

Garanti BBVA's subsidiary in Romania is the tenth largest financial institution in the country by asset volume, with a market share of around 2% and total assets of 4 billion euros as of year-end 2025, less than 5% of Garanti BBVA's assets.

BBVA estimates that this transaction will have a net positive impact of around 10 basis points on the CET1 ratio and 112 million euros on the BBVA group's income statement.

The closing of the transaction, subject to the required regulatory approvals, is expected to take place in the fourth.

quarter of 2026.

(RADIOCOR) 30-03-26 08:51:47 (0110) 5 NNNN