Banca Transilvania and its investment arm, BT Investments, have secured authorisation from Romania’s Financial Supervisory Authority (ASF) to acquire BRD Pensii and the BRD mandatory private pension fund (Pillar II).

The approval clears the way for the transfer of ownership later this month, after which BRD Pensii and the BRD Pillar II fund will formally become part of the Banca Transilvania Financial Group.

The group said it will publicly announce the completion of the transaction once finalised, alongside further details on the implications for its business and for the wider Romanian private pensions market.

The move marks the latest stage in a multi-year expansion by Banca Transilvania into Romania’s private pensions sector.

The bank agreed to acquire BRD Pensii in May 2024, following a deal between Banca Transilvania, BT Investments, BRD-Groupe Société Générale and Société Générale Assurances.

At the time, BRD Pensii oversaw both Pillar III voluntary pension funds and Pillar II mandatory private pension assets.

As part of the staged transaction, BT Pensii assumed administration of the voluntary pension fund FPF BRD Medio in April 2025, subsequently renaming it Pensia Mea Plus.

Once the latest transfer is completed, Banca Transilvania will have strengthened its presence in Romania’s second-pillar pensions market, which remains a
cornerstone of long-term retirement saving in the country.

The group noted that additional information on the strategic integration of the fund and its expected impact on members will be provided following the acquisition's closing.

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