Premium
Banca Transilvania bonds worth 285 ml euro this Friday entered trading on the Bucharest Stock Exchange. They were not offered for subscription to the broad public in Romania, but were available only via private investments to a limited number of eligible investors (Mediafax).
Banca Transilvania posted in Q1 2018 a net profit of 366 ml lei and the Banca Transilvania Financial Group reported a net profit of 389 ml lei, BT said in a release.
In Q1 2018 the bank granted 44,000 new loans to individual, SME and corporate clients.
Banca Transilvania Group closed Q1 2018 with assets worth 60.1 bln lei, of which 59.6 bln for the bank; net loans account for 50.98 percent of the group's assets. The growth pace of operating revenues was 18.2 pct. BT's operating efficiency stands at a comfortable 47 pct.
BT's strategy is supported by international shareholders, such as the EBRD, IFC - the WB's private sector arm, and various investment funds. Banca Transilvania currently has over 28,000 Romanian individual shareholders and almost 55 pct Romanian equity capital.
