Banca Transilvania

Banca Transilvania S.A. (also BT or TLV) is a banking institution with headquarters in Cluj-Napoca, Romania. The bank was founded in 1993 in Cluj-Napoca with a capital of 2 billion RON, of which 79% was Romanian and 21% foreign.

BT is the largest bank in Romania in terms of assets, with a market share of over 16%. Its activities are organized into four main business lines: corporate banking, IMM, retail banking and medical division. BT has about 1.76 million customers, 550 locations, and over 7,000 employees. Since June 2013, the CEO of BT has been Ömer Tetik.Obiectivul principal al lui Tetik, noul CEO al Băncii Transilvania: să ridice cota de piață la peste 10%
15 May 2013, zf.ro, accessed at 7 October 2013

Banca Transilvania is the first Romanian bank to open a branch in Rome.

Bank highlights

* Banca Transilvania consolidated the third place among the largest banks.
* Banca Transilvania is the financial institution which did not experience losses during the crisis. It registered in 2013 increasing financial results from the previous year.
* European Bank for Reconstruction and Development (EBRD) is the largest BT shareholder (15% of the BT's share capital).
* Banca Transilvania is the first bank in Romania to be listed on the Bucharest Stock Exchange in 1997.
* The first bank in Romania to launch the site Social Media Newsroom, a platform which integrates press releases, BT news, and social media.
* Cluj has Soul is the biggest social involvement project of BT.
* Horia Ciorcila, BT founder and Chairman of the Council of Administration, is among the largest investors on the Romanian stock exchange.
* BT is on the first place among the most valuable companies controlled by Romanian investors.
* BT, for the first time among Superbrands Romania in 2013.
* BT, in the Social Brands 2013 Top, realized in 2013 by Biz magazine.
* BT, among the most powerful Romanian brands, top realized in 2013 by Biz magazine.
* National premiere: the launch of Western Union money transfer service through Internet banking.
* World premiere: Western Union and Banca Transilvania have launched money transfer service through ATM.Banca Transilvania lansează transferurile de bani prin ATM
25 November 2010, capital.ro, accessed at 7 October 2013
* In 2003, the bank initiated a rebranding program.

Bank net profit

* 2007: 102 million euros
31 March 2008, wall-street.ro, accessed at 7 October 2013
* 2008: 108.2 million euros
19 March 2009, wall-street.ro, accessed at 7 October 2013
* 2009: 14.6 million euros
3 February 2010, wall-street.ro, accessed at 7 October 2013
* 2010: 24.43 million euros
2 February 2011, wall-street.ro, accessed on 21 October 2013
* 2011: 51.34 million euros
1 February 2012, wall-street.ro, accessed on 21 October 2013
* 2012: 71.98 million euros
12 February 2013, wall-street.ro, accessed on 21 October 2013
* 2013: 83.44 million eurosRezultatele Banca Transilvania pe 2013: profit de 375 milioane lei, în creștere cu 17%
13 February 2014, zf.ro, accessed on 25 February 2014

Bank assets

* 2006: 1.2 billion euros
1 February 2007, wall-street.ro, accessed at 7 October 2013
* 2007: 3.8 billion euros
* 2008: 4.2 billion euros
1 July 2009, wall-street.ro, accessed at 7 October 2013
* 2009: 4.6 billion euros
* 2010: 4.8 million euros
* 2011: 5.8 million euros
* 2012: 6.6 million euros
* 2013: 7.1 billion euros

Banca Transilvania's stock value was headed in 2007 toward 2 billion euros, but after drastic corrections on the financial markets, the bank reached a stock value of below 300 million euros in April 2009.

In December 2009, Bank of Cyprus acquired 9.7% of Banca Trasilvania's shares through several transactions made on Bucharest Stock Exchange totaling 58 million euros.
, 17 December 2009, financiarul.ro, accessed at 7 October 2013

Banca Transilvania registered for Q1 of 2014, a net profit of 103.4 million lei, almost 23 million euros, having a 23% increase since last year's same period.Banca Transilvania face in T1 profit de 103,4 milioane lei, in crestere cu 23%
30 April 2014, wall-street.ro, accessed on 29 May 2014

The BT Financial Group

The BT Financial Group was formed in 2003, and includes Banca Transilvania, ''BT Asset Management'', ''BT Direct'', ''BT Leasing'', ''BT Securities'', ''Factoring company'', ''BT Finop Leasing'' and ''Medicredit''.
30 October 2009, wall-street.ro, accessed at 7 October 2013 BT has 100% equity shares or majority positions in the other parts of the group, all of which use the BT logo.

BT Asset Management (BT AM) manages the group activities.BT Invest 1, un nou fond inchis de investi
29 November 2005, romanialibera.ro, accessed at 7 October 2013 It was founded in 2005 and manages the ''BT Maxim'', ''BT Classic''
16 November 2005, wall-street.ro, accessed at 7 October 2013
31 January 2006, romanialibera.ro, accessed at 7 October 2013 and ''BT Invest 1'' closed-end investment funds, which hold shares in Romanian companies with high growth potential.BT Invest aduce pe Bursă o firmă de construcții din Arad
28 February 2008, zf.ro, accessed at 7 October 2013 In 2007, BT Asset Management was the leading Romanian mutual fund with a market share of 15.3%,Profit de 6 ori mai mare la BT Asset Management
10 April 2007, zf.ro, accessed at 7 October 2013 in 2008 it slipped to 5th place, with a market share of 5.2% and assets of 77.3 million RON.Planurile BT Asset Management in 2009
8 July 2009, incomemagazine.ro, accessed on 7 October 2013

Sponsorships

As of 2021, it is the official jersey sponsor of the Romanian national basketball team, CS Universitatea Cluj-Napoca (men's basketball) and Romania national under-21 football team.

Notes

External links

Banca Transilvania

{{Authority control

Banks of Romania
Companies based in Cluj-Napoca
Banks established in 1993
Romanian brands
Companies listed on the Bucharest Stock Exchange