Banca Transilvania S.A. is a banking institution with headquarters in Cluj-Napoca, Romania. The bank was founded in 1993 in Cluj-Napoca by a local business people group, with a capital of 2 billion RON, of which 79% was Romanian and 21% foreign. In 2014, Banca Transilvania celebrates 20 years since it became operational, with the opening of Cluj branch. Currently, BT is on 1st place among banks in Romania in terms of assets with a market share of over 16%. Its activity is organized into four main business lines: corporate banking, IMM, retail banking and medical division. Banca Transilvania has about 1.76 million customers, 550 locations and over 7,000 employees. Since June 2013, the new CEO of Banca Transilvania is Ömer Tetik. Banca Transilvania is the first Romanian bank to open a branch in Rome.
Bank highlights
Banca Transilvania was voted “The Most Trusted Brand 2014” by the public, among Romanian banks, during the study conducted by Reader's Digest. The study has a 14 years tradition, being organized in 12 countries;
Banca Transilvania consolidated the third place among the largest banks;
Banca Transilvania is the financial institution which did not experienced losses during the crisis. It registered in 2013 increasing financial results from the previous year;
World premiere: Western Union and Banca Transilvania have launched money transfer service through ATM;
In 2003, the bank initiated a rebranding program;
Bank net profit
2007: 102 million euros
2008: 108.2 million euros
2009: 14.6 million euros
2010: 24.43 million euros
2011: 51.34 million euros
2012: 71.98 million euros
2013: 83.44 million euros
Bank assets
2006: 1.2 billion euros
2007: 3.8 billion euros
2008: 4.2 billion euros
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. 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.
The BT Financial Group was formed in 2003, its main component being Banca Transilvania, with which are also included BT Asset Management, BT Direct, BT Leasing, BT Securities, Factoring company, BT Finop Leasing and Medicredit. BT Financial Group will wear BT logo and the center of the power will be Banca Transilvania, which has 100% equity shares or majority positions in subsidiaries. BT Asset Management has as activity object the management of group activities. BT Asset Management was founded in 2005 and manages BT Maxim and BT Classic funds and the BT Invest 1 closed-end investment funds, which has parts of Romanian companies with high growth potential. In 2007, BT Asset Management was the mutual funds market leader with a share of 15.3%, in 2008 it was on the second place, going down onthe 5th position, with a market share of 5.2% and assets of 77.3 million RON.
