“For BT, 2019 was a good year, we grew sustainably and we delivered sound financials. As market leader, we have clear responsibilities towards Romania and we know that our role is essential in lending to the Romanian economy and funding Romanians’ ambitions. We try to do more than banking, to inspire and motivate people – colleagues, customers or business partners – attentive with their concerns. During 2020, we will continue investments in innovation to enhance the quality of our services to clients,” said Horia Ciorcila, Chairman of the Board of Directors, Banca Transilvania.
The bank’s assets totaled RON87.4 billion at the end of 2019, up 18% compared with end-2018.
Banca Transilvania Financial Group reported a net profit of RON1.8 billion, up 46.5% on the year. Its operating revenues stood at RON4.6 billion, up 17% on the year.
The group’s assets totaled RON91.7 billion and its loan portfolio grew to RON40.35 billion.
Mortgage loans amounted to RON11.8 billion, it said.
Customer deposits reached RON77.04 billion at the end of 2019, of which RON51.67 billion were retail deposits.
The number of active customers grew 15% in 2019, to approximately 3.3 million, and the number of customers with salary accounts at Banca Transilvania grew 64%, to 1.8 million, also following the bank’s merger with Bancpost.
The non-performing exposures ratio, according to the EBA definition, was 4.36% at the end of 2019.