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.
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
