Banca Transilvania entered the Italian market in 2014 and serves 3,500 customers, who are mainly part of the community of over one million Romanians living in Italy. The bank has three offices in Italy, all located in Rome, the bank said in a press statement.
The lender offers a wide range of products and services for both natural persons and legal entities. The most sought-after services are money transfers to Romania and loans for the purchase of homes in Romania.
Banca Transilvania had operating revenue of RON599.1 billion in the first quarter of 2016, up 10.7% from the year-earlier period, and a net profit of RON228.5 million, up 50.8% on the year.