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BT financial results as at 31 March 2022

06 May 2022 Reading time 4:00 minutes

BT's lending, business and operating income increased sharply

  • Romanians continued to have plans this year: almost 63,000 loans were granted by Banca Transilvania in the first 3 months of the year, worth 6,357 million lei. 61% is the increase in loans compared to the first quarter of 2021.

  • The bank has an increase of 2.5 billion lei in loan balance, meaning +5%, compared to the end of last year.

  • The number of customers has continued to grow, so that over 3.6 million customers work with BT, of which 3.3 million are individuals and 390,000 are companies.

  • The bank's operations recorded solid growth: the number of transactions from individual and corporate customers, through all BT channels, +35% compared to the same period last year.

  • The bank has launched Code Crafters, a company through which it increases its IT solutions development capacity.

BT Financial Group's assets reached RON 128.3 billion at the end of the first quarter and net loans increased to RON 58.6 billion. Customer deposits reached 107.42 billion lei - of which 71.77 billion lei are savings of individuals and 35.65 billion lei are company deposits - giving a loan/deposit ratio of 58.4%.

BT Group's consolidated net profit is 400.33 million lei, of which the bank's is 307.52 million lei. Subsidiaries and equity holdings contributed approximately 92.82 million lei to BT's profitability. The bank's operating efficiency reached 50.64%, calculated with an annualized impact of the contribution to the Bank Deposit Guarantee Fund (FGDB) and the Resolution Fund.

  • The bank's net interest income increased 22% compared to the first quarter of 2021, on the back of increased lending.
  • Net fee and commission income increased by 21%, on the back of increased BT activity.
  • The cost of the bank's contribution to the FGDB increased by 75% to 143 million lei, negatively impacting the result of the first quarter of this year.
  • The bank has maintained a very prudent provisioning policy.


Ă–mer Tetik, Managing Director, Banca Transilvania, says: "Romania started the year full of uncertainties and more challenging than ever. 2022 came with macroeconomic turbulence, a complicated regional geopolitical situation, price increases and logistical problems. In this context, Banca Transilvania has proven that it can support, regardless of the context, its clients' plans, both through increased financing and investments in technology. The bank's activity and revenues are above estimates and above budget, and the net result is in line with budget. We are pleased that the Romans have continued with their plans, and BT has sustained growth in lending and operations."

The non-performing exposure ratio, according to the EBA indicator, is 2.91% as of 31 March 2022. Total provisioning coverage of non-performing exposures by EBA standards is 179%. Solvency is 21.23% and includes the profit for the quarter just ended.

Further digitisation at BT

  • The bank has almost 3 million unique digital customers.
  • BT Pay has reached 2 million people using the app. Every second card issued by Banca Transilvania is in digital format, enrolled in BT Pay. The year also saw the launch of a new feature in BT Pay, 100% online overdraft.
  • For entrepreneurs, the bank has launched the BTPOS App, which turns a merchant's Android OS device into a POS that accepts contactless payments by card, phone or other payment accessories. 43,000 businesses have more than 80,000 BT POS.
  • The number of cards issued has increased: the bank has reached 4.8 million cards in its portfolio, of which more than 570,000 are credit cards.


Completion of the transaction
Tiriac Leasing, expected in the first part of this year

The completion of the transaction between Tiriac Group and Banca Transilvania regarding Tiriac Leasing is expected in the first part of the year. BT announced the acquisition agreement in January this year

Status of Idea::Bank integration into BT Financial Group: first services for Idea customers

The integration of Idea::Bank into the BT Group continued in the first part of the year, and the bank announced its first services available to Idea customers. The integration is ongoing until 13 June this year, when the transfer of contracts concluded by Idea::Bank with its customers to BT will be completed.

BT for Ukrainians

Banca Transilvania stands by the Ukrainians and gets involved by supporting them with financial solutions, communication in Ukrainian, job offers and donations.

Press contact

comunicare@btrl.ro

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