Motoractive, Ralfi and Domenia Credit non-banking financial institutions will re-brand following the takeover by Turkish group Garanti. The three brands, which have previously run under the GE Money brand, will become, together with Garanti Bank, part of the Garanti Group in Romania.

Motoractive Leasing will become Garanti Leasing, Ralfi will turn into Garanti Credite de Consum (Consumer Loans) and Domenia will become Garanti Credite Ipotecare (Mortgage Loans). The rebranding will be finalized in January next year.

Garanti bought GE Money's share in the three companies and became the sole shareholder. Garanti Bank has been operating in Romania since 1998 and currently has over EUR 1.2 billion of assets in the country, ranking 14th among local banks based on assets.

editor@romania-insider.com