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.
Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]
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With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]
Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...
