According to Omer Tetik, the general manager of the bank, says this is because there is still plenty to do as regards the local banking and finance market.

Banca Transilvania has low foreign exposure, of merely 3% of total turnover, via a single branch in Italy, BT Leasing Moldova and the stake it owns in VictoriaBank, the fourth largest bank in the Republic of Moldova.

(English version by Catalina Apostoiu)