ECONOMY FINANCE&BANKING

Banca Transilvania posts net profit of RON 2.41 bln in 2015


+ Bank’s assets up by almost 37 pc, number of clients by 14 pc

Banca Transilvania registered a net profit of RON 2.41 bln last year, including the profit from taking over Volksbank Romania, a bank communiqué shows.

BT’s assets grew 32.6 per cent year-on-year, to RON 47.240 bln, of which organic growth represented over 10 per cent. Its operating revenue reached RON 2.286 bln, up by 14.3 per cent year-on-year (RON 2 bln in 2014).

In 2015, Banca Transilvania offered almost 160,000 new personal and corporate loans worth over RON 8.674 bln. Its number of clients grew by 14 per cent, from 1.89 million in 2014 to 2.15 million in 2015.

“Financial results point to the fact that 2015 was the best year in BT’s history and confirm that we managed to attain our organic growth objectives, in parallel with taking over and integrating Volksbank Romania. We are preoccupied with continuing to render efficient our business model that consists of investing in people and technology. Against the backdrop of a very volatile global and regional climate, the relation with our clients remains essential for us, which will continue to be constructive and reasonable, and we will have a responsible and rational attitude in everything we do. We will continue to support the Romanian economy and entrepreneurs, irrespective of their size, and we are optimistic about the local market’s development potential,” Banca Transilvania Chairman of the Board Horia Ciorcila said.

Likewise, Banca Transilvania CEO Omer Tetik stated that the bank plans to render efficient its interaction with clients from all segments, through more accessible flows and products, as well as through technology platforms.
“Organic growth and the focus on quality services are our priorities in 2016 too. Moreover, through new competencies gained against the backdrop of the takeover and integration of Volksbank Romania, we are better positioned to capitalize on new opportunities,” Omer Tetik added.

At the end of 2015, the balance of Banca Transilvania loans was 43.3 per cent higher year-on-year, despite the continued process of striking off loans from the balance during this period (RON 694 M). At the same time, the total resources drawn in from clients were 27.8 per cent higher year-on-year. Bad loans with arrears in excess of 90 days represent 9.75 per cent of BT’s loan portfolio.

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