The Financial Supervisory Authority approves the acquisition of BRD Societate de Administrare a Fondurilor de Pensii Private S.A. by Banca Transilvania Group

Bucharest, 13 November 2025 – The Board of the Financial Supervisory Authority (ASF) approved, at its meeting on 12 November 2025, the acquisition of BRD Societate de Administrare a Fondurilor de Pensii Private S.A. by Banca Transilvania Group, following the completion of all legal stages, in accordance with the legislation applicable to the private pension system.

With the completion of this transaction, Banca Transilvania Group becomes the first administrator with majority Romanian capital of a privately managed pension fund (Pillar II). This development represents a significant step in the process of consolidating and maturing the private pension fund market, confirming investor interest in a sector that plays a strategic role in Romania's economy.

The President of the Financial Supervisory Authority, Mr. Alexandru Petrescu, emphasized that the private pension market in Romania is undergoing a period of consolidation, marked by stability and responsibility.

"The role of ASF is to ensure that these transformation processes are carried out in full compliance with the principles of prudence, transparency, and protection of participants' interests. The approval of this acquisition is part of a solid, well-regulated market that attracts investors with a long-term vision and contributes to the sustainable development of the economy," said Mr. Alexandru Petrescu.

In turn, the ASF Vice President, Mr. Dan Armeanu, who coordinates the Private Pension System Sector, highlighted the importance of this moment for the local market.

"With this transaction, Romania's private pension system marks a milestone: the emergence, 17 years after the system was established, of the first Romanian-owned administrator of a Pillar II pension fund. This development confirms the growing interest in the local market and the sector's ability to generate confidence, stability, and growth prospects. ASF will continue to oversee the balanced and secure functioning of the system, for the benefit of over 8.4 million participants," said Mr. Dan Armeanu.

The Financial Supervisory Authority reaffirms its commitment to maintaining stability, transparency, and protection of the interests of participants in the private pension system (Pillar II and Pillar III), contributing to the consolidation of a sector that manages assets of nearly RON 180 billion at the end of the first half of 2025 and represents an essential pillar of Romania's social and financial protection architecture.