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.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
