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Biggest financial group in Romania celebrates 30 years since launch: from USD 2 mln initial capital to EUR 4 bln capitalization

February 16, 2024

Founded in February 1994, in Cluj-Napoca, by a group of 46 Romanian entrepreneurs, Banca Transilvania (BVB: TLV) has grown into the biggest financial group in Romania and Southeast Europe, with over 4 million clients.

Launched with an initial investment of USD 2 million, Banca Transilvania now boasts a market capitalization of EUR 4 billion and 53,000 shareholders, which makes it one of...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/banca-transilvania-celebrates-30-years-annyversary
Read in full - click here
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