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Fitch gives Banca Transilvania an investment grade rating

November 19, 2024 Reading time 1:00 minute

Fitch Ratings upgrades Banca Transilvania's rating from "BB+" to "BBB-" with a stable outlook on the Long-Term Issuer Default Rating IDR.

The investment grade rating reflects the improved operating environment for banks in Romania, now rated "bbb-", as well as Banca Transilvania's strong position in the Romanian banking system. The result confirms BT's track record in prudent risk management, reflected in the bank's improved asset quality, robust capital ratios and profitability. The bank's sound lending policy, as well as its operational efficiency, internal capacity to generate capital and stable funding profile also played an important role in Fitch's new rating.

The leader of the Romanian banking sector, with a market share of over 20% in terms of total assets, Banca Transilvania, as a universal bank, has over 4.4 million customers. Fitch emphasizes that such business model ensures a dispersed loan portfolio, with only a limited exposure to volatile sectors, that generates high performance of assets.

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