Banca Transilvania has received an investment grade credit rating from Moody's, which rates BT as having robust capital, strong and resilient profitability and significant liquidity, according to a bank press release sent on last Monday.The stable outlook on BT's long-term ratings reflects Moody's expectation that financial performance, particularly capital and profitability, will remain strong despite a less favourable macroeconomic environment and if the liability structure does not change significantly to meet minimum requirement for own funds and eligible liabilities (MREL) requirements.European standards require banks to ensure an optimal level of MREL-eligible funds at all times, distinct from customer deposits, which are guaranteed by the Bank Deposit Guarantee Fund."We are pleased that Banca Transilvania is now rated by two international rating agencies, one of them being Moody's, which confirms BT's solid position. This is an important moment and an important step, in a context where capital requirements, in Romania and the European Union, are increasingly stringent and the accreditations of the international rating agencies support our efforts to maintain an optimal cost of capital, contributing to the competitiveness of Romania's economy," Banca Transilvania CEO Omer Tetik says.The ratings assigned to Banca Transilvania also incorporate the implementation of the Environmental, Social and Governance (ESG) principles in the business activity, in line with Moody's Investors Service's General Principles for Assessing Environmental, Social and Governance Risks.Moody's finds that Banca Transilvania adequately manages risks, as demonstrated by its strong capitalisation and high liquidity and despite its appetite for growth both organically and through acquisitions.Moody's ratings for BT: Baa2/P-2 for long-term and short-term deposits; Baa3/P-3 for long-term and short-term issuers; Stable outlook on long-term ratings; Long and short-term counterparty risk ratings (CRR) Baa1/P-2; Basic Credit Assessment (BCA) ba1 and an adjusted BCA; Counterparty risk (CR) assessments Baa2(cr)/P-2(cr).Banca Transilvania is the largest bank in Romania and South-Eastern Europe. As a universal bank, it covers all customer segments and business lines in the financial sector. It has about 20% market share, over 4 million customers, about 10,000 employees, online banking solutions and 500 branches in 180 locations. Banca Transilvania's brand value has surpassed the USD 500 million threshold and it has entered the top 300 in the Brand Finance Banking 500 2023. It is also in the Top 10 Strongest Banking Brands Worldwide, with an AAA+ brand rating.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
