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Banca Transilvania Financial Group, net profit of RON
1.24 billion in September 2018
Banca Transilvania Financial Group realised, in the first nine months of 2018, a consolidated net profit of RON 1.241 billion, of which the bank accounts for RON 979.06 million.
This includes part of the cost for the integration of Bancpost in Banca Transilvania. The subsidiaries and the capital participations have contributed to the profitability of the BT Group by over RON 260 million, according to a press release of the Group.
"We are pleased that we have been able to combine organic growth and profitability with a quick integration of the Bancpost business and customers. Our priority has always been our customers’ experience in using the banking services, combined with the financial support of
the economy. This is why we focused on responsible business growth and on investments
in technology and digitisation. We chose to perform a quick integration of Bancpost because it is to the customers’ advantage and also because it has
positive effects on the growth. Everything is going well and we are confident about the merger that will take place at the end of the year. The BT customer base will increase with the customers that we expect from Bancpost,
which is another positive premise for the further development of our bank in 2019”, said Ömer Tetik, general manager of Banca Transilvania.
As of September 30, the BT Financial Group had total assets of RON 76.6 billion,
of which RON 64.7 billion belonged to BT only, with net loans accounting for 50.2% of the Group's assets.
In Romania, the group manages loans of RON 38.43 billion, of which RON 32.51 billion granted by Banca Transilvania.
The customer deposits amounted to RON 62.79 billion, of which RON 41.38 billion deposits of individual clients and RON 21.41 billion deposits of legal entities.
BT’s operational efficiency remains at a comfortable level of 47%, despite the large financial efforts to integrate Bancpost and Victoriabank from the Republic of Moldova, according to the source quoted. The bank’s solvency rate is 23.16%.
Over 175 000 new customers after Bancpost integration
Banca Transilvania is about to complete the integration of Bancpost, while remaining a strong funding pillar for the national economy by lending money to companies and
citizens." The bank exceeded the threshold of 550 000 credited customers, out of which over 30 000 companies. The merger with Bancpost, which will come into effect on December 31 this year is going to add more than 175 000 credited customers to BT’s portfolio”, informed the bank.
As far as the card portfolio is concerned, the bank has reached 3.2 million cards, which means 19% of the market share of cards issued in Romania. BT manages a portfolio of approximately 410 000 credit cards, which generate around 30% of the credit card transactions with merchants taking place in Romania.
With regard to technology and digital tools, the BT Pay application - the first bank wallet in Romania, launched at the beginning of this year - reached 180 000 downloads at the end of the third quarter. The number of telephone transactions with merchants and money transfers between users increased by 33% over the previous quarter.
In October, BT signed a partnership for digitisation with Druid and UI Path, becoming thus the first domestic company to use automation integrated technologies for a programme based on artificial intelligence designed for its over 7 000 employees.
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