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Banca Transilvania confirms its contribution to the economic recovery in 2021. Preliminary financial results as at 31 December 2021

25 February 2022 Reading time 4:00 minutes

  • BT financed companies with 13.1 billion lei and individuals with 8.3 billion lei
  • With almost 240,000 loans granted last year, the bank reached more than 1 million outstanding loans
  • Banca Transilvania has more than 2.7 million unique digitized clients, which represents 75% of active clients
  • Card transactions up 35% in 2021 as bank hits record 1.2 billion card transactions
  • BT's solvency without profit is 22.62% and with profit included it is 24.46%.

Banca Transilvania ended 2021 with above market average figures in terms of lending and operating volumes. It also remained a major partner in government and European programmes.

BT has a robust capitalisation, 72% Romanian capital and almost 39,000 direct individual investors.

"In 2021, despite an unpredictable climate, we at BT maintained our optimism and firm commitment to contribute to the recovery of the Romanian economy, and today we are happy that the figures confirm our expectations. It has been a year in which we have financed the population and companies, increased the volume of operations carried out through the bank and created value for shareholders. Also, through the acquisition of Idea::Bank 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 and possible acquisitions",says Horia Ciorcila, Chairman of the Board of Directors, Banca Transilvania.

BT Financial Group's assets reached RON 132.5 billion at the end of last year. Loans increased to RON 50.2 billion and deposits reached RON 108 billion, of which RON 71.89 billion belonged to individual customers and RON 36.13 billion to corporate customers. BT Financial Group's net consolidated profit is 2,045.77 million lei, of which the bank's is 1,782.70 million lei. The bank's operating profit increased to 2,257.20 million lei. Operating efficiency, which represents the cost/income ratio, remained at a comfortable 48.1% thanks to good cost management and efficiency gains through the digitization of processes.


BT has consistently financed the population and companies

  • More than 14,000 Romanians bought their homes with the help of BT, the amount granted being over 3.7 billion lei. The balance of mortgage/mortgage loans is 15.5 billion lei.
  • More than 100,000 consumer loans worth about 4 billion lei were granted last year. The balance of these loans reached 11.4 billion lei.
  • The bank granted about 15,000 new loans worth 3.7 billion lei to over 18,000 SME&Micro clients. The SME loan portfolio (according to the European SME definition) reached 19.2 billion lei.
  • Banca Transilvania continued to be a main partner in governmental and European fund programmes: through IMM Invest and Agro IMM Invest, BT granted last year more than 4,000 loans of over 2.6 billion lei.
  • The For Doctors division doubled the volume of loans granted compared to 2020 (1.2 billion lei placements), and agricultural financing through APIA exceeded 500 million lei.


BT has over 2.7 million unique digital customers, 75% of active customers

Banca Transilvania is the market leader in cards, with 4.7 million cards in its portfolio, of which over 560,000 credit cards. With over 100,000 new cards, it was the best year ever for credit cards.

Card transactions increased by 35% in 2021 compared to 2020. The bank reached over 2.1 million unique cards in BT Pay, Apple Pay, Google Pay, Fitbit Pay and Garmin Pay wallets. The number of phone payments doubled in 2021 compared to 2020, reaching 68 million. More than 1 million cash withdrawals were made by phone via BT Pay from Banca Transilvania ATMs.  


Other financial information

The non-performing exposure ratio is 2.71% as at 31 December 2021 and the total provisioning coverage of non-performing exposures is 166%, according to the EBA indicator. BT's solvency without profit for 2021 is 22.62% and with profit included is 24.46%.

Press contact

comunicare@btrl.ro

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