Banca Transilvania Financial Group's three-quarter net consolidated profit amounted to over RON 2.291 billion, with the bank's profit standing at more than RON 1.859 billion.Retail and corporate loans over the reporting period were 4 percent higher year-over-year, and the balance of net loans and leasing receivables reached RON 72.6 billion, 6.75 percent higher compared to end-December 2022 and up by approximately 70 percent from three years ago.The increase in the bank's activity also reflects in the total number of operations performed - 1.35 billion over January - September 2023, up by 27.4 percent compared to 2022. This means doubling the monthly average of operations over three years.Banca Transilvania Financial Group's assets increased to RON 157.6 billion (+12.2 percent compared to December 31, 2022).BT Group's operating revenues reached RON 5.6 billion (+27.12 percent year-over-year), in line with the increase in business volume and the number of processed transactions.The deposits of Banca Transilvania customers reached RON 126.6 billion (+8.66 percent). Retail savings stood at RON 82.7 billion, and business savings at RON 43.9 billion.Financing to individual customers reached a consolidated level of RON 31.9 billion. The value of loans granted over the first three quarters of the year was 12 percent up compared to the same period in 2022.
The share of companies predicting a reduction in the number of employees in the upcoming year has increased to 11% in January 2025 from 2% same time last year, according to the HR Barometer survey conducted by PwC Romania. Fiscal measures taken by the government to reduce the budget deficit, such as the elimination of […]
The Veranda Mall shopping center, located near Bucharest’s busy Obor market, is up for sale and has reportedly caught the interest of real estate investors AFI Europe and M Core, Profit.ro reported. The mall is currently owned by the Pogonaru...
Romanian prime minister Marcel Ciolacu announced that a team of lawyers contracted by the government managed to block the sale of the painting Saint Sebastian by the renowned artist El Greco, which is part of Romania’s heritage. Ciolacu added that earlier this month, the government mandated lawyers to pursue the recovery through legal proceedings at […]
Romania’s eMAG and HeyBlu, a financial services company owned by the eMAG group, have announced the acquisition of Orange Money by taking over 100% of its shares. The transaction is part of eMAG’s strategy to expand and diversify its financial services, the company said. “The acquisition of Orange Money is part of eMAG’s strategy to […]
The Romanian Olympic and Sports Committee (COSR) announced the team for the European Youth Olympic Winter Festival (EYOF) Bakuriani 2025, which will take place in Georgia from February 9 to 16. Twenty athletes will compete in four disciplines, namely biathlon, alpine skiing, cross-country skiing, and snowboarding. The biathlon team comprises eight athletes, evenly split between […]
Only 28% of teenagers in Romania aged 11-15 engage in the minimum required level of physical activity and sports to maintain good health, according to a study conducted by the World Health Organization cited on High5 Podcast. Additionally, only 23% of them perform sufficient moderate and intense physical activities for their stage of development, which […]
