Top 10 banks by market share

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.

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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.

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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.

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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.

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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.

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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%.

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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.

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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.

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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.

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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.

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