BT financial results as of 30 September 2021

Banca Transilvania strengthens its leadership in the banking market and sustains the economic recovery through above-average funding dynamics

• The balance of loans granted by BT Group increased by 2.4 billion lei during the third quarter, reaching 46.8 billion lei. In the first nine months, the balance of loans granted by BT Group increased by approximately 4.7 billion lei.
• Banca Transilvania granted over 166,000 loans to the population (of which almost 11,000 are real estate loans) and lent to over 13,700 companies.
• The bank continued to be a preferred partner in the European funded guarantee programmes and in the governmental programmes IMM Invest, Agro IMM Invest and Prima Casa.
• The number of the bank's customers has increased by more than 133,000 since the beginning of the year, +4% for individuals and +3% for legal entities.

"We are continuing to grow financing and operations significantly above the market average and are contributing to the recovery of the economy and society while gaining market share. Thank you to our colleagues at BT - together we process an overwhelming volume of transactions and cash and serve hundreds of thousands of customers daily, online and in branches. BT is a Romanian bank, the bank of the Romanians, a local champion and an example that when you have ambition, courage and professionalism, you succeed. We continue to invest - in people, units and technology to offer our customers the best experience and continue to grow our business and funding", says Ömer Tetik, CEO, Banca Transilvania.

BT Group's consolidated net profit is 1,669 million lei, of which 1,474 million lei is from the bank and approximately 195 million lei from subsidiaries and equity investments. Banca Transilvania Financial Group's assets reached 118 billion lei at the end of the third quarter of this year, up 9.7% from the beginning of the year.

Banca Transilvania's loans increased to RON 45 billion. In the third quarter, the pace of lending continued to be sustained, with almost 1,000 new retail loans per day, with the bank reaching over 1.1 million retail and corporate clients. Compared to the beginning of the year, net loans to individuals increased by 10% (to RON 25.3 billion) and those to companies by over 13% (to RON 19.7 billion).

The Agribusiness Division and the Medical Division continued to record well above average growth. Factoring finance is benefiting from increased interest from the bank, with volumes outstanding up 17% in the first nine months. More than 1,200 companies use Banca Transilvania's factoring solutions.

Customer deposits at group level reached 99.4 billion lei (up 9.3% from the beginning of the year), of which 67.8 billion lei are savings of individuals and 31.6 billion lei of legal entities.

The number of the bank's customers increased by almost 4% compared to the beginning of the year, +4% individuals and +3% legal entities. The bank has approximately 3.2 million retail customers, 360,000 SME&Micro customers and over 11,000 active corporate customers.

• Focus on environmentally friendly products and sustainable solutions
  
  

In the third quarter of this year, Banca Transilvania kicked off its sustainable transformation in the card market with Visa Classic, a card made from recycled plastic and biodegradable elements. It also launched the STAR Forte shopping card 100% online, in the BT Pay super app: in about 10 minutes customers can get the virtual card and use it directly to pay for purchases.

Also during this period, Banca Transilvania continued its focus on launching green financing products with a green personal needs loan product. In the same direction, BT Leasing (BTL) continued to encourage the switch to environmentally friendly options, with customers who opted for electric or PHEV cars benefiting from better interest rates. These types of cars accounted for more than 25% of BTL's financing in the first nine months.

• Other financial details
  
  

The bank's operating efficiency remains at a comfortable 47%. The non-performing exposure ratio, according to the EBA indicator, is 3.43% as at 30 September 2021. The total provision coverage of non-performing exposures according to EBA standards is 147%. In 9 months of 2021, the provision balance increased by 8.7% to RON 3,466 million, compared to the balance at the end of 2020 (RON 3,190 million).

The bank's solvency without 2021 profit is 21.35% and with profit included it is 22.42%. Total taxes paid by Banca Transilvania in the first nine months of the year exceed RON 570 million.

BT, over 70% Romanian shareholding

In October this year, the bank distributed cash dividends from the profit of 2020, as well as from other years' reserves, in the total amount of 500 million lei. Also in October this year, the bank marked 24 years on the capital market. Banca Transilvania has more than 30,000 shareholders and more than 70% Romanian shareholding. Especially for shareholders and investors, the bank has launched BT Research, an online centre where you can access macroeconomic analysis reports, showing developments, trends and prospects for Romania, the Eurozone and the US.