On the other hand, operating income reached RON5.6 billion, up from RON4.4 billion. Operating expenses stood at RON2.75 billion in the first nine months compared with RON2.49 billion in the corresponding period of 2022. Consolidated assets increased to RON157.6 billion from RON140.5 billion on December 31, 2022.
“It has been a good nine months for Banca Transilvania, in which we have further increased our transaction volumes and thus strengthened our market leadership,” Banca Transilvania CEO Ӧmer Tetik said.
“The size of our business and the economies of scale allow us to be a universal bank, with an inclusive approach, offering a full range of products and services – online and cash – at low prices for customers. We work for more than 4 million clients, from individuals to SMEs and corporations. We take great pride that a local player brings added value to our economy and supports the competitiveness of companies. We remain cautious, given the volatility and uncertainty in the market, but optimistic about the Romania’s ability to perform above the average in the region.”
The bank alone posted RON1.86 billion net profit, up from RON1.44 billion and RON4.6 billion income, up from RON3.85 billion.
Deposits from customers reached RON 126.6 billion, an increase of 8.66%. Savings with Banca Transilvania amount to RON82.7 billion for individuals and to RON43.9 billion for companies.
(English version by Loredana Fratila-Cristescu)