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Banca Transilvania becomes partner of the Royal House

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Banca Transilvania announced on Wednesday that they became partners of the Royal House of Romania and will support the public presence of the Royal Family to the events of this year.

‘The Royal Family welcomes the beginning of the collaboration with Banca Transilvania, a Romanian bank of success, which has proved along the years involvement in supporting the Romanian entrepreneurs and the promotion of the Romanian values’ the press release says

The annual report of BNR confirmed the second place obtained by Banca Transilvania on the market of 2016, when they got assets of 51,78 billion lei and a market share of 13.15% up from 12.6% in 2015.

The bank got in 2016 a net profit of 1.23 billion lei (273.3 million euro) down by 49% against the previous year. The non-performing loans with delays bigger than 90 days dropped at 4.62% at the end of 2016 from 9.75% at the end of the previous year.

The bank is listed with BVB and has a market value of 10.6 billion lei (2.32 billion euro) calculated at the last closing price of 2.9 lei/share.

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