Banca Transilvania becomes a member of the National Confederation for Female Entrepreneurship

• BT will translate the CONAF principles into actions aimed at supporting women with entrepreneurship
• Almost 35% of the clients of companies with an account at Banca Transilvania have exclusively female administrators
• Romania is in 2020 in the European Union on the 26th place out of 28 regarding the gender equality index

Banca Transilvania joins the National Confederation for Female Entrepreneurship - CONAF. Thanks to this partnership, BT will transpose the CONAF principles, in line with the EU Strategy for Gender Equality 2020 - 2025, in actions aimed at supporting women with entrepreneurship in Romania.

CONAF supports and promotes female entrepreneurship, gender equality and opportunities. The organization identifies, centralizes and proposes solutions to the problems of the entrepreneurial environment.

Statements:

• Cristina Chiriac, president of CONAF: "We want to build a Romania where there are no gender differences, but a fair partnership that allows the integration of the perspective of women's rights and equal opportunities in the processes of public policy making and ensuring the representation of women at all levels of the decision-making process. In CONAF we have company members who support us in the actions taken to close the gender gap and to encourage female entrepreneurship".  

• Daniel Szekely, Executive Director SME & Microbusiness, Banca Transilvania: "The development of entrepreneurship is based on either opportunity or necessity. We want more and more women with entrepreneurship to be part of the first category because it is based on the desire to progress. Gender equality, women's economic independence, participation in social and family life are essential for the sustainable growth of any economy."

At almost 35% of the clients companies with an account at Banca Transilvania, the administrators are exclusively women. Also, about 31,700 companies founded in the last two years have an account with BT.

Global indices of equality between women and men

• Index of the European Institute of Gender Equality (Gender Equality Index): at european Union level, Romania is in 2020 ranked 26th out of 28 on the gender equality index – with a score of 54.4 out of 100 and 13.5 points lower than that of the EU. Our country is on the same place as in 2010. The index measures the full-time employment rate, women in the position of minister or member of Parliament, access to medical services, people at risk of poverty, respectively caregivers without remuneration for children, grandchildren and the elderly.

• Mastercard Index of Women Entrepreneurs: Romania was ranked 40th out of almost 60, with a score of 58.19, in 2020, 6 places lower than in 2019, which shows less favorable entrepreneurial conditions, with gender gaps in employment, financial inclusion and academic opportunities. The index tracks the impact of the pandemic on women's participation in work, entrepreneurship and business management, women's financial inclusion, the entrepreneurial ecosystem and ease of doing business.

• The Global Gender Gap (World Economic Forum): Our country ranks 55th out of 153. The index takes into account the following aspects: economic participation, access to education, health and survival, respectively political representativeness.