Banca Transilvania’s net profit slightly decreased year-on-year by 3.46 percent to RON 1.18 billion in 2017, according to the bank’s data.

The Banca Transilvania Financial Group’s net profit amounted to RON 1.24 billion and BT Group’s total assets amounted RON to 53.8 billion, 15 percent up from the end of 2016.  Moreover, the group registered a higher income from operations by 16 percent.

Horia Ciorcila, chairman of the board of directors Banca Transilvania: “In 2017 the organic growth was according to our plans and strategy. The results demonstrate the solid financial situation of the bank and represents the base of our ambitious plans for this year. 2018 will be a year of organic growth, integration of Bancpost in our business and the beginning of the replication of our business model across the border, in The Republic of Moldova, at Victoriabank”.

Omer Tetik, Banca Transilvania’s CEO, said: “We are glad that during 2017 we have maintained the bank’s revenue and profitability on a growth path, which shows the trust of BT’s clients in us. Cost control and efficiency enhancements remain principal targets for Banca Transilvania in the forthcoming period.”

In 2017, over 10,00 persons acquired a property via mortgage/real estate loans BT and were issued over 3 million cards.

Moreover, 40 percent of the 2017 Romanian start-up companies have chosen Banca Transilvania as their banking partner. Over 2.8 million payments in Romania amounting to RON 17.6 billion are made to the state treasury through Banca Transilvania accounts.

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