Banca Transilvania S.A. (also BT or TLV) is a banking institution with headquarters in Cluj-Napoca, Romania. The bank was founded in 1993 in Cluj-Napoca with a capital of 2 billion RON, of which 79% was Romanian and 21% foreign.
Company type | Societate pe Acțiuni |
---|---|
BVB: TLV | |
ISIN | ROTLVAACNOR1 |
Industry | Banking, Financial services |
Founded | 1993 |
Headquarters | , |
Number of locations | 507 (2021) |
Key people | |
Products | Commercial banking, Investment banking, Private banking, Asset management |
Revenue | RON 4.35 billion (2021) |
RON 2.02 billion (2021) | |
RON 1.78 billion (2022) | |
Total assets | RON 140 billion (2022) |
Total equity | RON 9.35 billion (2021) |
Number of employees | 8,651 (2021) |
Website | bancatransilvania |
Footnotes / references [1] |
BT is the largest bank in Romania in terms of assets, with a market share of over 16%.[2] Its activities are organized into four main business lines: corporate banking, IMM, retail banking and medical division. BT has about 3.6 million customers ( 3.3 million personal accounts and 390,000 companies, 550 locations, and over 7,000 employees.[3] Since June 2013, the CEO of BT has been Ömer Tetik.[4]
A large Romanian bank, Banca Transilvania has over 1.76 million customers. The European Bank for Reconstruction and Development (EBRD) is the largest shareholder in the bank (15% of capital).[3]
In 2013, Banca Transilvania was considered the third largest bank in Romania, not having experienced losses during a financial crisis plaguing the nation in the year.[5][6]
In 1997, it became the first bank in Romania to be listed on the Bucharest Stock Exchange[3] It entered Superbrands Romania for the first time in 2013. Furthermore, it also launched the Western Union money transfer service via Internet Banking[7] and ATM.[8]
Banca Transilvania's stock value was headed in 2007 toward 2 billion euros, but after drastic corrections on the financial markets, the bank reached a stock value of below 300 million euros in April 2009.[11]
In December 2009, Bank of Cyprus acquired 9.7% of Banca Transilvania's shares through several transactions made on Bucharest Stock Exchange totaling 58 million euros.[18]
Banca Transilvania registered for Q1 of 2014, a net profit of 103.4 million lei, almost 23 million euros, having a 23% increase since last year's same period.[19]
The BT Financial Group was formed in 2003, and includes Banca Transilvania, BT Asset Management, BT Direct, BT Leasing, BT Securities, Factoring company, BT Finop Leasing and Medicredit.[20] BT has 100% equity shares or majority positions in the other parts of the group, all of which use the BT logo.
BT Asset Management (BT AM) manages the group activities.[21] It was founded in 2005 and manages the BT Maxim, BT Classic [22][23] and BT Invest 1 closed-end investment funds, which hold shares in Romanian companies with high growth potential.[24] In 2007, BT Asset Management was the leading Romanian mutual fund with a market share of 15.3%,[25] in 2008 it slipped to 5th place, with a market share of 5.2% and assets of 77.3 million RON.[26]
As of 2021, it is the official jersey sponsor of the Romanian national basketball team, CS Universitatea Cluj-Napoca (men's basketball) and Romania national under-21 football team.