Overall, the Israeli group has an exposure of EUR111 million on the Romanian market, including a small exposure of around EUR5 million on the financial leasing segment, according to a group report. Beside the bank, the group owns a consumer lending company, TBI Credit, and a financial leasing one, TBI Leasing.
TBI did not publish distinct data on the volume of deposits attracted on the Romanian market, but resources raised from Romanian and Bulgarian customers amounted to EUR150 million in December 2013, double on the year. The spectacular increase is also due to the launch of the bank in Bucharest.
TBI Bank now pays the highest interest rate in the banking system.
TBI Bank started operating on the Romanian market last March, by simultaneously opening three branches in Bucharest. Subsequently, the bank expanded to another two cities, Constanta and Iasi. The three entities controlled by the Israeli group in Romania in late 2013 had 765 employees, 190 more than in late 2012.
At the launch moment, TBI Bank officials stated the bank’s operations would be focused on the retail and SME segments, after the business model of the other two entities. They initially expected a loan volume of EUR60-70 million until the end of last year and deposits of EUR30-40 million.
The Israeli group has not published data on the portfolio of the Bucharest bank, but presented figures show the bank has not reached loans of EUR60-70 million, yet.
TBI Bank in late 2013 held 0.1% of the banking system assets and ranked 38th among 41 banks.
(English version by Catalina Apostoiu)