Communication from presa2021-08-23
The first half of the year confirms the expected recovery of the economy and the achievements of Banca Transilvania during the first six months of the year confirm its role in supporting the Romanian economy and people. The bank has consistently funded both the public and businesses, handling increased transaction volumes and generating value for its customers and shareholders. In addition to the activity dedicated to its clients, Banca Transilvania continued the process of consolidating the Romanian banking sector and, during the first half of the year, signed the acquisition documents for Idea :: Bank and the rest of the subsidiaries forming the Idea Romania group.
‘It is a revival period for Romania, and Banca Transilvania has once again contributed to this process, increasing lending and transaction processing above the market average. We are the bank of Romanians, we manage a volume of operations vital for the economy and we have more than 7 million Romanians as direct and indirect shareholders. We are optimistic about the development of the economy and the country, so we put our efforts to continue their growth and reduce the gaps with the economies of Western Europe.“said Mr. Omer Tetik, Managing Director of Banca Transilvania.
As a corporate citizen, Banca Transilvania has contributed over the past five years to the state budget with taxes amounting to over RON 2.7 billion, directly and indirectly, of which RON 712 million has been paid in 2020. At the same time, BT remains one of the most community-committed companies, in the first half of this year donations amounting to almost RON 15 million were made.
Financial results at June 30, 2021
The assets of Banca Transilvania Financial Group reached RON 115.3 billion at the end of the first half and the loan portfolio grew to RON 44.4 billion. Customer deposits reached 97.2 billion RON, of which 65.9 billion RON were retail deposits and 31.3 billion RON were corporate deposits. Operational efficiency is at a comfortable level of 46.7%. The consolidated net profit of Banca Transilvania Financial Group amounts to RON 1,015.5 million, with the bank representing RON 901 million. Subsidiaries and other capital investments contributed more than RON 114 million to the profitability of the BT Group.
The ratio of non-performing exposures, as defined by the EBA, is 3.47% as of June 30, 2021. The coverage ratio for non-performing exposures, according to EBA standards, is 148%. The ROE of the bank without profit for the first half of 2021 is 21.83%, if profit included it reaches 23.54%.
The cost of risk during the first half of 2021 is 0.5%. During the first half of 2021, the balance of provisions increased by 9.2% to reach RON 3,485 million, compared to the balance at the end of 2020 (RON 3,190 million).
Lend and support Romanians for the first six months
Between January and June 2021, Banca Transilvania granted more than 114,000 loans to businesses and individuals. Loans to companies amount to RON 4.8 billion. The bank has approximately 3.14 million individual customers, 360,000 SME and micro customers and more than 11,000 business customers.
BT continues to be a relevant partner for local government and for European programs, providing in the first half of the year loans of approximately RON 560 million through the IMM Invest and AGRO IMM Invest programs, respectively RON 648 million through guarantee programs and European funds.
BT has over 2.3 million unique digital customers, or 67% of total active customers. This is one of the constantly monitored KPIs, reflecting the bank’s level of digitization. These customers – individuals and businesses – use at least one of the bank’s digital solutions – applications, Internet or Mobile Banking.
The bank has more than 1.7 million unique cards registered in wallets like BT Pay, Apple Pay, Google Pay, Fitbit and Garmin Pay and the number of contactless payments has tripled in the first six months of 2021 compared to the first half of 2020, reaching 27 million.
Out of more than 1,700 ATMs, 560 are multifunctional (BT Express Plus), enabling auto-banking operations – cash deposits in various currencies, currency exchange and contactless cash withdrawals.
The report for the 1st Semester / 2021, drawn up in accordance with the provisions of art. 67 of law no. 24/2017 for issuers of financial instruments and market transactions, is available on BT’s website, section “Investor relations”, from 23 August 2021 at 9:00 a.m. The financial statements as of 06/30/2021 and 06/30/2020 are reviewed, while the financial statements as of 12/31/2020 are audited.