The bank’s operating profit increased to 1.80 billion lei. BT’s 2017 net result was 1.185 billion lei.
The bank extended last year 196,000 corporate and retail loans, with loans to Romanian companies amounting to over 9 billion lei.
For BT, 2018 meant the continuation of responsible organic growth, major investments in the customers’ digital experience, the integration of Bancpost and the onset for the business model replication at Victoriabank, in the Republic of Moldova, the release states.
Customer deposits reached 65.16 billion lei, of which 43.34 billion lei are individual deposits and 21.82 billion lei are corporate deposits.
The assets managed by Banca Transilvania Financial Group reached 77.9 billion lei at the end of 2018, and loans advanced to 38.02 billion lei.
“Banca Transilvania continued to be the most active player in the banking sector, supporting the Romanian economy, due to continuous capital boosts and to the relevant expertise gathered over its 25 years of existence, here, in Romania. In all these years, we have constantly grown the bank’s capital base through yearly profit accumulation, cash capital increases from shareholders and subordinated debt instruments, so as to be able to maintain the alert lending pace across all customer types: from established SMEs to start-ups and the population. As the largest Romanian financial group, we are aware of our responsibility towards the local economy, and towards our over 3 million customers, out of whom 700,000 are beneficiaries of loans, as well as of our duty to over 31,000 Romanian individual shareholders, stock exchange investors and the 7 million indirect shareholders who hold stakes through Pillar II pension fund,” said Horia Ciorcila, Chairman of the BT Board of Directors.
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