Banca Transilvania

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Banca Transilvania S.A. (also BT or TLV) is a banking institution with headquarters in Cluj-Napoca, Romania. The bank was founded in 1993 in Cluj-Napoca with a capital of 2 billion RON, of which 79% was Romanian and 21% foreign.

BT is the largest bank in Romania in terms of assets, with a market share of over 16%.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Its activities are organized into four main business lines: corporate banking, IMM, retail banking and medical division. BT has about 3.6 million customers (3.3 million personal accounts and 390,000 business accounts), 550 locations, and over 7,000 employees.<ref name="u6">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Since June 2013, the CEO of BT has been Ömer Tetik.<ref name="pn2013-15-05">Obiectivul principal al lui Tetik, noul CEO al Băncii Transilvania: să ridice cota de piață la peste 10% 15 May 2013, zf.ro, accessed at 7 October 2013</ref>

History

The European Bank for Reconstruction and Development (EBRD) was at some point the largest shareholder in the bank (15% of capital).<ref name="u6"/>

In 2013, Banca Transilvania was considered the third largest bank in Romania, not having experienced losses during a financial crisis plaguing the nation in the year.<ref>Topul celor mai mari bănci 24 February 2014, zf.ro, accessed on 25 February 2014</ref><ref>Instituția financiară care nu a cunoscut pierderea în criză 13 February 2014, wall-street.ro, accessed on 25 February 2014</ref>

In 1997, it became the first bank in Romania to be listed on the Bucharest Stock Exchange<ref name="u6"/> It entered Superbrands Romania for the first time in 2013. Furthermore, it also launched the Western Union money transfer service via Internet Banking<ref>Premieră: serviciu de transfer de bani prin Internet Banking 5 April 2012, incomemagazine.ro, accessed at 7 October 2013</ref> and ATM.<ref>Banca Transilvania lansează transferurile de bani prin ATM 25 November 2010, capital.ro, accessed at 7 October 2013</ref>

In 2021, Banca Transilvania bought Polish Idea Bank Romanian unit and renamed it to Salt Bank in November 2023.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In July 2024, Banca Transilvania acquired Hungarian OTP Bank unit in Romania and its merger into Banca Transilvania in March 2025.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Bank net profit

Bank assets

  • 2006: 1.2 billion euros<ref name="cpds2010-08-04">Compania de Factoring are o cota de piata de 3% ,dupa primele patru luni, 1 February 2007, wall-street.ro, accessed at 7 October 2013</ref>
  • 2007: 3.8 billion euros<ref name="top7_2010-08-04" />
  • 2008: 4.2 billion euros<ref name="a8_2010-08-09">Top 10 cele mai mari banci din Romania, 1 July 2009, wall-street.ro, accessed at 7 October 2013</ref>
  • 2009: 4.6 billion euros<ref name="pn2010-09-01"/>
  • 2010: 4.8 million euros<ref name="pn2011-02-02"/>
  • 2011: 5.8 million euros<ref name="pn2012-02-01"/>
  • 2012: 6.6 million euros<ref name="pn2013-02-12"/>
  • 2013: 7.1 billion euros<ref name="pn2014-02-25"/>

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.<ref name="pn2010-09-01"/>

In December 2009, Bank of Cyprus acquired 9.7% of Banca Transilvania's shares through several transactions made on Bucharest Stock Exchange totaling 58 million euros.<ref name="financiarul">[1] Template:Webarchive, 17 December 2009, financiarul.ro, accessed at 7 October 2013</ref>

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.<ref name="pn2014-05-29">Banca Transilvania face in T1 profit de 103,4 milioane lei, in crestere cu 23%, 30 April 2014, wall-street.ro, accessed on 29 May 2014</ref>

The BT Financial Group

File:Banca.Transilvania.Iasi-Romania.JPG
A typical BT branch, in Iaşi.

The BT Financial Group was formed in 2003, and includes Banca Transilvania, BT Asset Management, BT Direct, BT Leasing, BT Securities, Factoring company, BT Finop Leasing and Medicredit.<ref name="wgr2010-07-31">Banca Transilvania a cumparat 50% din capitalul Companiei de Factoring, 30 October 2009, wall-street.ro, accessed at 7 October 2013</ref> BT has 100% equity shares or majority positions in the other parts of the group, all of which use the BT logo.

BT Asset Management (BT AM) manages the group activities.<ref name="rlbti2010-07-27">BT Invest 1, un nou fond inchis de investi Template:Webarchive, 29 November 2005, romanialibera.ro, accessed at 7 October 2013</ref> It was founded in 2005 and manages the BT Maxim, BT Classic <ref name="wam2010-07-26">Fondurile mutuale pacalesc incertitudinea fiscala, 16 November 2005, wall-street.ro, accessed at 7 October 2013</ref><ref name="rlam2010-07-26">Activele nete ale BT Clasic si BT Maxim Template:Webarchive, 31 January 2006, romanialibera.ro, accessed at 7 October 2013</ref> and BT Invest 1 closed-end investment funds, which hold shares in Romanian companies with high growth potential.<ref name="mbtam2010-07-27">BT Invest aduce pe Bursă o firmă de construcții din Arad, 28 February 2008, zf.ro, accessed at 7 October 2013</ref> In 2007, BT Asset Management was the leading Romanian mutual fund with a market share of 15.3%,<ref name="mbtamp2010-07-27">Profit de 6 ori mai mare la BT Asset Management, 10 April 2007, zf.ro, accessed at 7 October 2013</ref> in 2008 it slipped to 5th place, with a market share of 5.2% and assets of 77.3 million RON.<ref name="fbtamp2010-07-27">Planurile BT Asset Management in 2009, 8 July 2009, incomemagazine.ro, accessed on 7 October 2013</ref>

Shareholders

As of October 2025, 79.37% of Banca Transilvania's shares are controlled by Romanian investors, while only 20.63% of its shares were controlled by international investors.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Sponsorships

• 2021: it becomes the official jersey sponsor of the Romanian national basketball team, U-BT Cluj-Napoca and Romania national under-21 football team

• 2025: on 1 august during the Hungarian Grand Prix Banca Transilvania officially becomes one of the sponsors of McLaren-Mercedes Formula 1 Team

Notes

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