BT Board of Directors, re-elected. Horia Ciorcila received the fifth mandate for the position of Ca President

The shareholders of Banca Transilvania elected the Board of Directors for the next four years, within the General Meeting of Shareholders that took place on April 25th, in Cluj-Napoca.

Horia Ciorcila, founder of BT and Chairman of the Board of Directors since 2002, received the fifth consecutive term for this position. Also, the six CA members obtained a new mandate from the shareholders.

"I thank the shareholders for their trust, I am as honored as possible. I am confident in the ambitious plans to consolidate the bank and the Banca Transilvania Financial Group. We continue together the BT success story." - says Horia Ciorcila.

The composition of the Bank's Board of Directors is as follows: Horia Ciorcila – President and members of Ivo Gueorguiev (Great Britain), Thomas Grasse (Germany), Doru Lionachescu, Costel Ceocea, Vasile Puscas and Mirela Bordea.

During 2014–2018, under the coordination of the Board of Directors, the bank marked a series of remarkable results, such as:

• BT's market share increased by 4%, Banca Transilvania reaching in 2016 the 2nd place in the top of banks in Romania.
• BT has become one of the 100 largest banks in Europe.
• The highest returns on the bank's capital were recorded.
• Banca Transilvania marked two of the largest acquisitions in the country: Volksbank Romania and Bancpost.
• BT, ranked the most valuable banking brand in Romania (Brand Finance Romania 2017) and the only Romanian brand in the top of the most valuable banking brands in the world, Brand Finance Banking 500 (2018).

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