Top 10 banks by market share

The National Bank of Romania released the list of ten largest banks in the Romanian market by market share calculated based on assets under management. The list suffered moderate changes in 2009, but the league table remained unchanged. Assets managed by the three largest banks in the market accounted in the aggregate some 39.7% of total assets.

10. ING Bank � 3.4%

The local subsidiary of the ING group took the ten spot in the list of ten largest banks by total assets under custody, with a market share of 3.4% at the end of 2009.

ING Bank’s market share dropped in 2009 to 0.1%, to 3.4% from 3.5% in 2008.

ING had 10.985 billion lei assets under management. The bank reported gross profit of 84 million lei (€19.8 million), down 20% from a year earlier, due to higher loan impairment charges.

9. Bancpost � 4.5%

Bancpost fell one position in the list of largest banks in Romania in 2009, from 8 to 9, with a market share of 4.5%. Bancpost had total assets of 14.59 billion.

Bancpost’s market share narrowed in 2009 by 0.3% from 4.8% a year earlier.

Greece-based EFG Eurobank, the majority shareholder of Bancpost reported an after-tax profit of €2.1 million in 2010 for its operation sin Romania, after €4.1 million loss in the first quarter of 2009.

8. Banca Transilvania � 5.9%

Banca Transilvania has also fell one position in the top 10 largest banks in the Romanian market, to 8, with a market share of 5.9%.

Banca Transilvania had assets of 19.472 billion lei under management. But even though it fell one position, the bank has increased its market share by 0.5% from 5.4% to 5.9%.

Banca Transilvania reported net earning of 16 million lei (roughly €4 million) in the first quarter this year, up from one million lei in the same period of 2009.

7. Raiffeisen Bank - 6.1%

Raiffeisen Bank slumped from fourth to seventh position. However, Raiffeisen Bank increased its market share by 0.1% to 6.1%.

Raiffeisen Bank had total assets of 20 billion lei under management at the end of last year.

Raiffeisen Bank Romania recorded a net profit of €74 million last year, down 55% from €165 million in 2008.

6. UniCredit Tiriac Bank � 6.1%

UniCredit Tiriac Bank has kept its sixth spot in the list of ten largest banks by assets under management, with a market share of 6.1%, up 0.6% from the same period of 2008.

The bank had €20.278 billion assets under management.

UniCredit Tiriac Bank reported a net profit of €78 million in 2009, down 8% from the same period of 2008, according to the international financial reporting standards, as net impairment charges soared 84% from 140 million lei to 257 million lei.

5. CEC Bank � 6.3%

CEC Bank, one of the two state-run banks in the local market, climbed to the fifth spot in the list of largest banks in 2009, with a market share of 6.3% and total assets of 20.805 billion lei.

In 2008, CEC Bank was on the ninth spot and had a market share of merely 4.3%.

The bank recorded pre-tax profit of 14.9 million lei (€3.9 million), and the bank’s capital adequacy ratio stood at 16.89%.

4. Alpha Bank � 6.4%

Alpha Bank climbed one spot in the list to fourth, with a market share of 6.4% in 2009, from 5.5% in 2008.

At the end of last year, the bank had 21.163 billion lei assets under management.

Alpha Bank reported last year a pre-tax profit of €50.7 million for its operations in Romania, up 10.8% from 2008, as loan impairment charges doubled.

3. Volksbank � 6.6%

The market share of Austria-based bank Volksbank in Romania dropped 0.2% to 6.6% in 2009, but remained the third largest bank in the local banking industry.

Volksbank had 21.728 billion lei assets under management.

The bank’s Q1-Q3 pre-tax profit rose 43% in 2009 to €41.6 million, on a doubling of loan loss provisions.

2. BRD � 14%

BRD defended is second position in the list of largest banks in Romania, with a market share of 14% in 2009.

However, BRD’s market share fell 1.7% in 2008. The bank has 46.346 billion lei assets under management.

BRD Groupe Societe Generale reported a net profit of 199 million lei (€49 million) in the first quarter 5% down from the year-ago period.

1. BCR - 19.1%

The biggest bank in Romania remains BCR, with a market share of 19.1% in 2009, down 1.2% from a year earlier.

Banca Comerciala Romana had total assets of 62.908 billion lei under management at the end of last year.

BCR recorded a net profit after minority interests of 243 million lei (€59 million) in the first quarter, 26.4% lower than the year-ago period, on higher loan impairment charges.