“We have ended an atypical, unprecedented year and we are satisfied that our results exceeded the conservative forecasts of the initial budget. In 2020 we proved again that we have adapted and that we have an experienced and strong team, which can deliver great results even within such a complicated context. The most important thing, however, is that we kept our promises, that we contributed both to supporting the social areas, the local companies and the economy as a whole. For this forthcoming year we are optimistic about BT, paying attention to trends, but also to new opportunities. We maintain our firm commitment in contributing to the relaunch of the business environment,” stated Horia Ciorcila, Chairman of the Board of Directors of Banca Transilvania.
End-2020, Banca Transilvania reported assets of RON107 billion, at group level, up 17.2% on the year.
At individual level, Banca Transilvania had a net profit of RON1.2 billion in 2020, down 26% on the year, and operating revenue of RON3.9 billion, down 2.33% on the year. Assets, at individual level, reached RON103.4 billion in 2020, up 18.2% on the year.
Loans amounted to RON42.17 billion and deposits reached RON90.94 billion, of which RON61.94 billion of private individual clients and RON29 billion of legal entities.
“2020 results consolidate the already robust capitalization of Banca Transilvania, reaching an equity of RON9.5 billion, +12% compared to 2019. BT has almost 70% Romanian capital and over 34,000 direct private individual investors,” per the lender’s stock market report published Thursday evening.
It said its non-performing exposure rate was 3.46% on December 31, 2020, and the coverage rate with total provisions of non-performing exposures is 133%, according to the EBA (European Banking Authority) indicator, the lender said. BT’s solvency ratio without 2020 profit is 19.94%, and with profit included is 22.23%.