The combined volume of financings granted by Banca Transilvania to the sectors of commerce, manufacturing and services accounts for over 20% (a fifth) of the bank’s total balance of net loans. Loans for the sector of commerce exceeded RON7.4 billion in January-September 2022, up 29.5% compared to the volume reported at end-2021.
Manufacturing, the second sector by lending volume in Banca Transilvania’s portfolio, saw moderate growth (below 7%) in Jan-Sept 2022 compared to December 2021, towards RON3.9 billion.
Banca Transilvania, the leader of the local banking market by assets, with a market capitalization of over RON14 billion, also bets on agribusiness, with agriculture landing on the third spot after the first nine months of 2022 among the sectors getting the most loans. The lender granted loans of almost RON3 billion for the agriculture sector, up over 58% from end-2021, which is the biggest growth.
The sectors of services and real estate are among the fields that received more funding from Banca Transilvania, with comparable lending volumes, worth over RON2.3 billion each.
Net loans granted by Banca Transilvania to companies grew almost 32% in the first nine months of 2022 compared with end-2021, up to RON27.2 billion.