The growth of the bank’s activity is reflected in the trend of the total number of processed transactions, 30.7% more compared with the same period in 2023, as well as in the number of active customers, which reached 4.4 million.
Consolidated net profit in the third quarter (ended September 30, 2024) stood at RON1.76 billion, compared with RON709 million in the third quarter of 2023, while operating income reached RON2.65 billion, up from RON1.95 billion. The majority Romanian-held lender’s assets increased to RON199.7 billion by September 30, 2024 from RON169 billion in the year-ago period, according to the quarterly financial report submitted to the Bucharest Stock Exchange on Friday evening.
Banca Transilvania’s CEO Omer Tetik says the bank continued to grow steadily in all areas, both in terms of number of customers and transaction volume.
“We entered in the straight line with the integration of OTP Bank Romania, in a record timeframe. We are an integrated financial group both vertically, with complementary segments – from online apps to territorial units and ATMs, from cards issuing to POSs and wide acquiring capabilities to e-commerce and cash processing – and also horizontally, through the BT Group subsidiaries. This gives us a unique position both in terms of efficiency and synergies in the Romanian financial system. We continue our growth strategy for the benefit of our customers and shareholders because Romania needs solid banks to finance the economy,” Оmer Tetik says.
The bank’s individual net profit in January-September was RON2.7 billion, compared with RON1.85 billion.
(English version by Loredana Fratila-Cristescu)