The bank’s assets are due to climb in 2022 by 9.7%, to RON137.1 billion, so that the Cluj-based bank is set to strengthen its leading position on the market by assets.
In terms of revenues, the bank for 2022 budgeted RON5.33 billion gains, up 22.5% from 2021. Expenses are due to rise by 7.3%, to around RON2.5 billion.
The Cluj bank sees banking deposits increase by 12.4% in 2022, to RON115.5 billion.
“The 2022 revenue and expense budget indicators submitted to AGA approval are set as to support the proposed business objectives and are correlated with the specific banking prudential and supervision norms,” maintains Banca Transilvania.
In projecting 2022 indicators, the bank took into account a 6.9% average inflation and an average exchange rate of RON4.99/EUR.
The bank’s loan/deposit ratio in 2021 reached 54.4% and in 2022 is due to drop to 53.2%. As regards operating efficiency, the bank wants to hit a cost/income ratio of 46.7% in 2022, down from 48% in 2021.
Banca Transilvania for 2022 set an investment budget of around RON556.2 million, higher than the level budgeted for 2021, of RON400.9 million.
(English version by Catalina Apostoiu)