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.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
