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Banca Transilvania Group, approx 1.05 billion RON net profit, during first 6 months
The consolidated net profit of Banca Transilvania Financial Group was approximately 1.05 billion RON in the first half of this year, a slight increase compared to 1.02 billion RON in the same period last year, of which the bank's profit was 907 million RON, also up from 901 million RON in the same period last year, according to a press release sent on Friday.
Subsidiaries and equity investments contributed over 139.5 million RON to the profitability of the BT Group.
The Group's assets increased to 140.1 billion RON (+5.76% compared to December 31, 2021), and loans increased to 64.9 billion RON (+15.58% compared to December 31, 2021).
The first semester also brought an increase with 1,600 new clients and almost loans credits per day. BT attracted over 285,000 clients in the first half of the year, reaching 3.75 million.
Client deposits reached 110.9 billion RON, of which 72.8 billion RON are the savings of individuals and 38.1 billion RON of legal entities.
The bank's operating revenues increased by 17.6%, up to 2.8 billion RON.
The cost related to the bank's contribution to the Bank Deposit Guarantee Fund increased by 71%, to 151 million RON, negatively impacting the result of the semester, the press release states.
Between January and June, Banca Transilvania granted almost 140,000 loans to individuals and companies, worth 14.17 billion RON.
According to the cited source, in 2022, BT was the largest partner in the governmental programs IMM Invest and AGRO IMM Invest, but also in other guarantee schemes for SMEs launched in 2022 (Rural Invest, IMM Prod, Garant Construct), with a total financed value of over 2.8 billion RON.
Banca Transilvania started building the first 100% digital bank in Romania around Idea::Bank, acquired this year.
Banca Transilvania is the largest bank in Romania and in Southeast Europe, as well as the main financier of the Romanian economy, covering all customer segments and business lines in the financial sector. The bank has a market share that exceeds 19%, 3.7 million clients, over 9,200 employees, online banking solutions and 500 offices in 180 locations.