The bank’s operating profit rose 29.8% year-on-year, to RON3.5 billion. BT’s operating efficiency, as reflected by the cost/income ratio, improved to 45.6% due to effective cost management and process streamlining through digitization.
The group’s assets reached RON170 billion, while loans increased to RON75.6 billion and clients’ deposits stood at RON138.1 billion.
“We have accelerated Banca Transilvania Group’s growth in 2023, counting as usual on high volumes. Corporate and retail financing, increased operational activity and attracting new customers were the bank’s growth drivers last year, generating economies of scale and increased efficiency and enabling us to offer to our clients increasingly better conditions in all respects. We are here to further support the economy’s development, contribute to people’s prosperity and increase financial inclusion. The bank’s profitability will help us deliver our plans, pursue BT Group’s growth in all the segments in which we are active and expand into new ones.” declares Horia Ciorcilă, Chairman of the BT Board of Directors.
2023 was a challenging year. After the long pandemic period and with Romania in the immediate vicinity of a conflict zone, the costs for the population and companies increased. In spite of these challenges, Banca Transilvania assumed its role as a leader and groundbreaker, ensuring the increase of the quality of its services, customer care and the necessary support for the growth of the national economy.
BT financed corporate clients with RON 23 billion and retail clients with RON 10 billion. Over 270,000 new loans were granted last year. The bank was the largest partner in government programmes launched during 2023, with over RON 3.35 billion in funding.
The number of active customers reached 4.2 million. The bank attracted 623,000 new customers in 2023, of whom 93,000 are corporate customers and 530,000 are retail customers.
The corporate tax paid by BT to the state in 2023 amounted to almost 2% of all corporate taxes received by the state from companies in Romania. The total taxes paid by Banca Transilvania in 2023 exceed RON1.2 billion.
Within a period of five years, from the end of 2018 until the end of 2023, BT has doubled its assets, loans and deposits and increased its active customer base by almost 50%.
The number of cards reached 6 million and the number of cards’ transactions performed in 2023 increased by 22% compared to 2022.
BT has over 3.7 million unique digitized customers, representing 89% of total active customers. • The number of payments made via phone increased by 48% in 2023 compared to 2022.
More than 16,000 people have bought houses with BT’s help, the loans granted amounting to approximately RON4.7 billion. The balance of mortgage loans amounts to RON18.7 billion and increased by 10% compared to December 2022, representing 25% of the loan portfolio.
110,000 consumer loans amounting to RON 4.4 billion were granted in 2023. The bank granted more than 21,000 new loans, which totaled RON 5.6 billion, to more than 441,000 SME & Micro clients. The number of new loans granted by the bank increased by almost 6% in 2023 compared to 2022, with the largest increase in the Large Corporate and SME segment.
Banca Transilvania has a RON20.94 billion capitalization. Its shares have added 8.1% since the start of 2024, amid deals worth RON288.6 million.
(English version by Catalina Apostoiu)