Romania’s Banca Transilvania 2021 internet revenue jumps 49% y/y

BUCHAREST (Romania), February 25 (SeeNews) – Romania’s Banca Transilvania [BSE:TLV] stated on Friday its internet revenue rose by 49% year-on-year in 2021, reaching 1.782 billion lei ($402 million/360 million euro).

The financial institution’s working earnings rose by an annual 10.4% to 4.348 billion lei final 12 months, Banca Transilvania stated in a press release filed with the Bucharest Inventory Change.

On the finish of 2021, Banca Transilvania’s belongings totalled 125 billion lei, up from 103.3 billion lei on the finish of 2020.

Web loans elevated to 46.3 billion lei at end-2021, in comparison with 40.4 billion lei a 12 months earlier, whereas deposits from clients reached 102 billion lei, in comparison with 88 billion lei on the finish of 2020.

Non-performing loans accounted for two.71% of Banca Transilvania’s complete mortgage portfolio at end-2021, whereas their protection with associated provisions and mortgage collaterals remained at a snug stage of 166% and according to the financial institution’s threat urge for food.

Banca Transilvania Group, which additionally contains Moldovan lender Victoriabank, BT Leasing Transilvania IFN, BT Direct IFN, BT Microfinanţare IFN, BT Leasing MD and BT Asset Administration, posted a internet revenue of two.045 billion lei in 2021, up 44% year-on-year. Group belongings totalled 132.5 billion lei on the finish of 2021, up from 107.5 billion lei at end-2020.

Blue-chip Banca Transilvania is the biggest Romanian privately-owned financial institution.

Banca Transilvania’s shares traded 1.73% larger at 2.6450 lei on the Bucharest Inventory Change as at 1156 CET on Friday.

(1 euro=4.9479 lei)

Banca Transilvania SA is among the many greatest banks in SEE, for extra reference check out Prime 100 banks

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