In comparison, Romanian investors owned 59% in the Cluj-based bank in 2018, which means they bought Banca Transilvania shares in 2019 and the foreign investors sold. Foreign investors now own 26.8% instead of the previous 32.4%, ZF has found.
The European Bank for Reconstruction and Development (EBRD), the largest institutional investor, owns 8.6% in Banca Transilvania, the data in the report show. EBRD’s stake remained unchanged in 2019.
Banca Transilvania is the largest bank in Romania by assets, some RON87 billion at the end of 2019. Its capitalization on the Bucharest Stock Exchange stands at some RON10 billion.
Last week NN private pension funds reported 10% stake in Banca Transilvania, which means a RON1 billion investment, ZF has calculated from stock, market data.
Banca Transilvania budgeted RON514 million net profit and RON3.4 billion total revenue in 2020, according to the budget to be voted by shareholders at the end of April.
(English version by Loredana Fratila-Cristescu)