Banca Romaneasca (The Romanian Bank) and OTP Bank Romania, the local branches of the two groups left in the final round of CEC's (Romanian Savings Bank) privatisation (National Bank of Greece and OTP), succeeded in increasing their market shares in the second half of the year, both of them going up in the asset ranking. Banca Romaneasca outranked Citibank, with a 2% market share, while OTP reached 1%, going up from the 22nd to the 18th position. The fierce competition generated at least ten changes in the hierarchy of the 39 banks that are operating on the market, causing many players to lose their positions in the space of three months. At the same time, the obvious growth of assets and of the market share held by a bank no longer guarantees its going up in the ranking, given that close competitors are busy boosting their market share, too. For example, Alpha Bank and Bancpost are holding on to the positions no. 7 and no. 8 respectively, although each has increased its market share to some 4.2%, with the difference between the two positions being of just 10 million euros.
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