The Banca Transilvania Financial Group has closed last year with a consolidated net profit of 2.045 billion RON, of which the bank's stands at 1.782 billion RON, according to a release of the bank."In 2021, despite an unpredictable climate, we, at BT, have maintained our optimism and firm commitment to contribute to the relaunch of the Romanian economy, and today we are glad the figures confirm expectations. It was a year in which we financed the population and companies, increased the volume of operations ran through the bank and created value for shareholders. Furthermore, through the Idea::Bank acquisition we contributed to the consolidation of the banking system. We will continue to invest in people, products and technology, strengthening our position on the market both through responsible organic growth, as well as eventual acquisitions," said Horia Ciorcila, the President of the Administration Council of Banca Transilvania.The assets of the BT Financial Group have reached, last year, 132.5 billion RON. Credits rose up to 50.2 billion RON, and deposits reached 108 billion RON, of which 71.89 billion RON are of individuals, and 36.13 billion RON of companies.The net consolidated profit of the BT Financial Group is of 2.045 billion RON, of which that of the bank stands at 1.782 billion RON. The operational profit of the bank has increased to 2.257 billion RON. The operational efficiency, which represents the cost/income ratio, was kept at the comfortable level of 48.1% due to good management of costs and increasing efficiency through digitization of processes, the quoted source mentions.The release mentions that BT has a robust capitalization, 72% Romanian capital and nearly 39,000 direct individual investors.
The countdown is on until the start of the largest local fest, Transilvania International Film Festival on 13 June. Or, as everyone calls it: TIFF. To pass the time and (or) have an alternative, do not miss some of the most entertaining stories of all time courtesy of suspense master Alfred Hitchcock. And check out […]
Roughly 45.7% of Romanians believe the country’s May presidential elections were rather unfairly organized, while 50.4% believe they were fair, according to a survey by INSCOP Research. Romania's previous presidential elections, which saw centrist Bucharest mayor Nicusor Dan emerge victorious, saw extreme polarization. Immediately after...
CARFIL Brasov, central Romania, is set to begin production of three types of Romanian military UAVs this year, news agency Agerpres reported. The drones, named Cuda, Sirin, and a marine drone, were unveiled at the Southeast Europe Special Operations Forces Forum 2025 (SEESOF) in Targu Mures, the first international expo-forum dedicated to the special operations forces. ...
The National Meteorological Administration of Romania, or ANM, aims to become a European regional hub for professional training in the field of climate change, according to director general Elena Mateescu. The official noted during “The Future of Agriculture” forum held on Thursday, June 5, that the ANM has already completed the European Agrometeorology Center, which […]
Romania’s Interior Ministry (MAI) and Defense Ministry (MApN) have warned of ongoing disinformation campaigns on social media aimed at manipulating public opinion. The latest wave of false claims includes reports about the imposition of martial law and border closures, seeking to heighten public anxiety over the risk of war. Romanians, whether abroad or within the […]
The International Monetary Fund (IMF) issued new recommendations to Romania, among which is an increase in VAT, but also excise duties, dividend taxes, and the introduction of two income tax rates of 15% and 25%. At the same time, it recommends the reduction or elimination of the health insurance contribution, as well as a change in […]
