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.
The programs Documentary Mondays and Fiction Tuesdays return at the Czech Center in Bucharest between May 13 and June 4, on Mondays and Tuesdays. Four films are part of the Documentary Mondays program, where the directors will take part in online Q&A sessions with the public. Apolena Rychlíková’s Limits of Europe, which follows the Czech journalist […]
The Bucharest National Airport Company (CNAB) has said an order was issued for the start of the construction works on an additional parking lot at the Henri Coandă International Airport, Bucharest’s main one. The parking lot, covering 20,265 sqm, will be constructed under a contract worth RON 14.89 million (without VAT) by an association between […]
Prime minister and Social Democratic leader Marcel Ciolacu reiterated the ruling coalition's decision to hold the presidential elections on September 15 for the first round and September 29 for the second round. Ciolacu added that the dates will not be changed to suit any party or individual. "We have a coalition decision that the elections […]
Romania’s economy minister, Ștefan-Radu Oprea, recently announced that Borusan Pipe will open a new production facility in the Alinso Industrial Park, located in the commune of Ariceștii Rahtivani, Prahova County, in a few months. The facility will start manufacturing pipes used in automobiles, with clients including Dacia and Ford Otosan, as well as companies from […]
The Republic of Moldova is a Guest of Honour country at this year's Bookfest, the book fair taking place in Bucharest between May 29 and June 2. Close to 40 events are part of the guest country program, from book launches to debates on current topics. Among the Moldovan authors who will be present at the […]
The Romanian medical recovery chain Centrokinetic, backed by the AGISTA growth investment fund, has recently purchased its eighth clinic, namely the Socrates Clinic in Timișoara. The completed transaction will see Centrokinetic acquire nearly 70% of the clinic's shares, with one of its founders, Dr. Armand Gogulescu, retaining a little over 30%. Plans for the immediate […]
