Romanian lenders’ assets fell to 78.5 billion euros, down 0.56% from end-2008, following sharp devaluation of local currency. Expressed in lei, the banks’ assets climbed 5.66% in first quarter 2009, up to 332.46 billion lei.
Top three banks clawed 45.2% of the market with aggregate total asset of 35.5 billion euros, according to financial reports of the biggest players in the local banking landscape. In contrast, two years ago, top three financial institutions grabbed more than half of the market’s assets.
The ranking remained roughly the same, with BCR, BRD and Raiffeisen taking up the top three positions.
The country’s No. 1 bank, BCR, with a market share of 21.4% posted assets up 4.9% to 67.66 billion lei (16.82 billion euros) at the end of March 2009, from 64.5 billion lei (16 billion euros) at the end of 2008.
When expressed in euro, the lender’s assets dropped by nearly 820 millon euros.
As for BRD, the second biggest bank, the assets volume stood at 50.6 billion lei (11.9 billion euros) in the three months to March up slightly from 49 billion lei in prior-year quarter. Thus, BRD is currently occupying 15.1% of the banking system.
Raiffeisen Bank (8.6% market share) reported assets up 3.4% from end-2008 to 6.78 billion euros and up 23.4% from year earlier.
Assets of fourth biggest player, Volksbank dropped 1% at the end of March to 5.3 billion euros, as Ziarul Financiar learnt, which can be translated into a 6.75% market share for the Austrian-based bank.
Banca Transilvania’s total assets rose 15% in January-March 2009 up to 19.57 billion lei (4.6 billion euros) from 17.01 billion lei a quarter earlier. After a tough first quarter, the bank posted a market share of 5.8%.
Banca Transilvania said despite an increase in total assets, the loan book did not follow a similar trend as the demand sank due to fina
