About

Romania’s second largest bank in terms of assets, Cluj-headquartered Banca Transilvania is a prominent banking and financial services entity that has made a number of impressive impressions in Romania’s financial market, and has accrued one of the most reputable and trusted brand names in the sector. Legal support to the organisation in support of this reputation is given by a legal department well-versed in day-to-day challenges thrown up by the volatile and fast-moving banking business environment. Amongst the Bank’s most notable recent business was the extension of its activities into new markets; in February 2018 it was announced that the group had filed a mandatory public tender offer to purchase the remaining part of Moldova’s Victoriabank which it had already acquired a previous stake in. The process has been supported by the Banca Transilvania legal team, and expects to achieve the Bank’s goal of opening new avenues for its business via supporting the business environment in Moldova, especially the SME and microenterprise sector, and to develop a wider range of products and services for retail clients. Bogdan Plesuvescu, who previously held the legal director position of Banca Transilvania, was appointed at the head of Victoriabank of Moldova after this announcement, and will bring his knowledge and experience gained in leading a high-class legal team to continue to advance the group’s business interest at executive level. This appointment shows the calibre of legal professional that has been developed and nurtured within the Bank.