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Türkiye-based lender Garanti BBVA said it has not made a final decision regarding a possible sale of its Romanian subsidiary, responding to reports circulating about the future of Garanti Bank S.A. in the country.
In a disclosure on Wednesday, the bank said it regularly reviews strategic options for its assets and subsidiaries and may consider offers related to potential transactions, but stressed that no decision has been made to proceed with or complete any sale of the Romanian unit.
An earlier report by Bloomberg suggested that Austria’s Raiffeisen Bank was nearing an agreement to acquire Garanti’s Romanian business.
According to people familiar with the matter cited in the report, the Austrian bank had offered roughly €550 million ($640 million).
The report noted that discussions were at an advanced stage but could still face delays or fail to reach completion.
The Turkish lender, in which Spanish banking giant BBVA holds an 85% stake, has operated in Romania since 1998. The unit is the bank’s second foreign subsidiary after GarantiBank International N.V., which was established in 1990.
As of the last quarter of 2025, the bank has 67 branches and 1,118 employees in the country, with total assets reaching ₺204.36 billion ($5.17 billion), according to the financial reports.
In 2024, Garanti Romania reported net revenues of 654 million Romanian Leu ($142 million).
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