Last year, its assets rose 32.6% to RON47.24 billion, including an over 10% organic growth.
The bank’s operating income rose 14.3% in 2015, to RON2.28 billion.
“Banca Transilvania has registered an organic growth of over 10% in its lending business and over 19% in terms of new deposits, such organic growth rates being completed by the positive impact of the merger with Volksbank Romania,” the bank said in a statement.
Banca Transilvania’s loan portfolio balance was 43.3% higher at the end of 2015, although the loan write-off process continued during this period (RON694 million). At the same time, the total customer deposits rose 27.8% to RON38.4 billion.
In 2015, Banca Transilvania granted 160,000 new loans, exceeding RON8.67 billion, while the number of clients rose 14% to 2.15 million.
“Our financial results are proof that 2015 was the best year in BT’s history and confirmation that we have managed to achieve our goals of organic growth at the same time with the acquisition and integration of Volksbank Romania,” Horia Ciorcila, chairman of Banca Transilvania Board of Directors, stated.
Banca Transilvania has recently announced it completed the merger with Volksbank Romania, adding that 10% of its 2.2 million clients and 400 of the 7,300 employees come from the acquired lender.
The lender signed a binding agreement in December 2014 to take over Volksbank Romania. The financial details of the deal have not been made public.
At the end of August, Banca Transilvania received central bank approval to merge and absorb Volksbank Romania on December 31, 2015.