The shareholders also approved a stock repurchase program, as well as a 1 to 10 reverse stock split.
The bank’s new management board, with a mandate until 2026, is made up of Horia Ciorcila, Thomas Grasse, Ivo Gueorguiev, Vasile Puscas, Mirela-Ileana Bordea, Florin Predescu Vasvari, Lucyna Stanczak-Wuczynska.
Banca Transilvania is the largest bank in Romania, with a RON15.2 billion capitalization at the Bucharest Stock Exchange.
For 2022, shareholders approved RON5.3 billion revenues and RON2.475 billion gross profit.
(English version by Catalina Apostoiu)