Horia Ciorcila, aged 61, one of the founders of Banca Transilvania and Chairman of the Board of Directors since 2002, is to receive as shareholder approximately RON46 million as dividend, in line with calculations by Ziarul Financiar (ZF) daily.
At end-2023, Horia Ciorcila held 4.63% of BT’s share capital directly and together with the shareholder BT Castorius Limited. By comparison, he received dividends of RON40 million in 2023. Pillar II private pension funds are also among the shareholders to receive dividends.
TLV shares have traded up 32% at RON32 per share so far in 2024, amid deals worth RON1.3 billion. The bank has a market capitalization of RON25.4 billion.