Banca Transilvania will finance itself with bonds of up to EUR 1 billion to support the economy

This bonds issue is part of BT's growth plan

Banca Transilvania will finance its activity with bonds of up to EUR 1 billion, through separate issues, for a maximum period of ten years. The bonds are intended for institutional investors - local and international. The bonds issues, presented under the Framework Plan, will support the fulfilment of the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) and the financing of the economy and of the population.

The European standards require banks to ensure an optimal level of MREL- eligible funds at all times. These cannot be made from customer deposits guaranteed by the Bank Deposit Guarantee Fund. The instruments will not be guaranteed and will not be convertible upon the investors’ initiative.

The multi-year program for the issuance of MREL-eligible corporate bonds denominated in EUR, RON or other currencies was approved by the shareholders of Banca Transilvania, at the Extraordinary General Shareholders’ Meeting held on October, 18, in Cluj-Napoca.

Banca Transilvania has a solid financial position, robust capitalization and a comfortable level of capitalization. BT will make public its financial results on November 11 this year.