Top banks in H1 2012: Romanian banks gain ground against the foreigners

While Austrian owned banks (BCR), French (BRD), Greek (Alpha, Piraeus, Romanian Bank), UK (RBS), American (Citi) lost or maintained their market share in the second quarter of this year, private Romanian banks (Banca Transilvania, Banca Carpatica) or state owned (CEC Bank, Eximbank) have gained ground, earning profits at the same time, according to data provided by the NBR (National Bank of Romania).rnrnThe best development in the second quarter of 2012 had CEC Bank, which managed to reach number 3 in market share by assets, surpassing Bank Transilvania (BT), though it strengthened too its leading position in the banking system.rnrnThus, from a market share of 7.30% in Q1 2012, CEC Bank has now accounted for 7.85% of total banking assets, while BT increased from 7.45% in Q1 to 7.80%.rnrnCEC Bank threatens the position of BRD, who have preserved a market share around 13% of assets. BCR continues to lose ground, down almost one percent, to 20%.rnrnBanca Carpatica managed to increase its market share from 1% to about 1.5% at the end of the first half, while Eximbank had a modest evolution, but slightly upwords.rnrnRaiffeisen and Unicredit have also recorded an insignificant rise, while Greek banks continued to loose market shares.rnrnThe performer of the first quarter of this year, ING Bank, which increased its share to more than 4.5% of assets, fell back in Q2.rnrnTop 5 banks by market share in assets:rnrn 1. BCR: 20% (20.7% in Q1 2012)rn 2. BRD: 13% (13% in Q1 2012)rn 3. CEC Bank: 7.85% (7.30% in Q1 2012)rn 4. BT: 7.80% (7.45% in Q1 2012)rn 5. Raiffeisen Bank: 6.80% (6.60% in Q1 2012)rnrnSee more in BANKERS CLUB