“In 2016, we achieved good results in terms of organic growth and profitability, one year after the merger with and integration of Volksbank Romania. As a network bank, with a well-trained staff, backed by advanced technologies, we address client needs. Although we do have high targets and ambitious plans, we maintain a prudent lending policy and an adequate provision coverage with respect to exposures,” Ömer Tetik, Banca Transilvania’s CEO, said.
On a group level, the operating income reached RON2.98 billion and the net profit amounted to RON1.28 billion.
At the end of 2016, Banca Transilvania had assets of RON51.8 billion, of which net loans represented RON27.2 billion. Customer deposits stood at RON41.9 billion, while commission income grew by 11.4%.
The lender granted nearly 175,000 new loans to retail, SME and corporate clients.
The loan/deposit ratio stood at 70%.
On December 31, 2016, Banca Transilvania had a portfolio of 2.82 million cards, generating transactions 25% higher compared to the similar period of the previous year.