BANCI | ENGLISH

Banca Transilvania (BT) financial results as at September 30, 2020

Autor: Bancherul.ro
2020-11-13 07:30

Banca Transilvania statement:

BT’s Financial Results as at September 30, 2020

Banca Transilvania, ready to Support the Recovery of the Economy

Banca Transilvania has had a significant contribution to the recovery of the economy in Q3, after the shock generated by the first pandemic wave.

 BT’s loan balance grew by RON 1.1 bn. during the third quarter, reaching RON 40.1 bln.

 The Bank has granted more than 7,000 financing facilities via the government program IMM Invest, counting now over 18,000 SME clients with loans.

 The retail business line added 30,900 loans in Q3, of which 2,600 real-estate loans, counting now more than 750,000 credited retail clients.

 As always, the Bank focused on supporting retail, SME and mid-corporate clients, enforcing the economy’s baseline and an appropriate credit risk dispersion.

“Although trends are less than favorable due to the pandemic, we remain optimistic and confident in the forthcoming recovery of the economy. We aim at increasing the lending granted by BT, in the most responsible and efficient way, supporting the economy and the bank’s growth.

The current context, which has undoubtedly affected the whole world and possibly some developed economies to a larger extent, also brings new opportunities for Romania, an important advantage for us because nobody knows the market better as a Romanian bank” - said Mr. Ömer Tetik, CEO of Banca Transilvania.

Financial Results as at September 30, 2020

At the end of the third quarter of 2020, Banca Transilvania Financial Group´s assets reached RON 100.4 billion, loans went up to RON 41.9 billion, including financial lease loans, and deposits from customers reached RON 83.9 billion, of which RON 58.7 billion are retail savings and RON 25.2 billion company savings.

The Bank’s efficiency ratio stays at a comfortable level of 45.25%. BT Group’s net consolidated profit is RON 1,056.76 million, out of which the Bank’s profit amounts to RON 901.49 million.

Subsidiaries and equity participations contributed with over RON 155 million to the BT Group’s profit.

Non-performing exposures, according to EBA, amount to 3.59% as at September 30, 2020.

The total provisions coverage ratio, as per the applicable EBA standards, is 124%. If the collateral is also taken into account, the coverage ratio amounts to 131%.

The bank’s CAR is 20.01% (profit for the year excluded) and 21.80% (profit for the year included).

The current context was translated into the provisioning methodology and level according to the specific prudent and preventive approach of Banca Transilvania.

BT has made methodological changes in terms of provisioning, in line with the recommendations of the NBR and EBA.

Considering potential future effects of the health and economic crisis, the cost of risk at the end of Q3, 2020, was 1.68%.

During the first 9 months of 2020, the provision balance grew by 16.2% up to RON 2,944 million, as compared to the end of 2019 (RON 2,533 mil.).

The Bank counts approx. 2.9 million Retail clients, 329,000 SME & Micro clients and more than 10,400 active corporate clients.

The report for Q3, 2020, prepared in accordance with the provisions of Article 67 of Law. No. 24 / 2017 on issuers of financial instruments and market operations is available on BT’s website, under Investor relations, starting with November 13, 9:00 o’ clock.

The financial statements as at 30.09.2020 and 30.09.2019 are not audited or reviewed, whereas the financial statements as at
31.12.2019 are audited.

Taguri: BT Banca Transilvania banca

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

20.04.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Cristian Bichi, director adjunct al Directiei stabilitate financiara din BNR
BNR

... vezi profil

Toate Profilele

Profil de Banca

Banca Transilvania

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

nevoia de banci
De ce credeti ca acum nu mai avem nevoie de banci si firme de asigurari? Pentru ca acum avem ... detalii
Mda
ACUM nu e nevoie de asa ceva .. acum vreo 20 de ani era nevoie ... ACUM de fapt nu mai e asa multa ... detalii
oprire pe salariu garanti bank
mi sa virat 2500de lei din care a fost oprit 850 de lei urmand sa mi se deblocheze restul sumei ... detalii
Amânare rate
Buna ziua, Am rămas în urma cu ratele , va rog frumos sa ma ajutați cumva , soțul a pierdut ... detalii
Am depus bani și nu mi au intrat in cont
Sa se rezolve ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126