Banca Transilvania, the leading financial group in Romania by assets, has reportedly reached the level of technical and legal details for the takeover of BRD Pensii division from BRD-SocGen, according to sources familiar with the deal. In the race for BRD’s pension management division was Vienna Insurance Group (VIG) as well. The takeover would allow Banca Transilvania to enter the Pillar II pensions market, at a time when the individual contribution increased to 4.75% of the gross wage from 3.75% previously. It is active on the voluntary pension market (Pillar III) only – a market ten times s…