Banca Transilvania, the largest credit institution in Romania, reported a net profit of RON 913 million in Q1/2024, up by 35 compared to the same period of the previous year, while operating income increased by 32 percent to RON 1.9 billion. The bank’s assets were RON 167.6 billion, compared to RON 161.2 billion at the end of 2023.
At the group level – the asset management, stock brokerage, leasing company – net profit rose to RON 1.1 billion from RON 837 million, and revenues from RON 1.7 billion to RON 2.2 billion lei .
“The beginning of the year is encouraging and shows us that we are on schedule to meet our goals for the first part of 2024. We are focusing on increasing volumes, the number of customers, attracting business in all the segments we operate, but also on consolidating the companies in Banca Transilvania Group. We are thus increasing the balance sheet and scope of the BT Group, contributing significantly to the banking of Romanians. Macroeconomically, the year remains challenging both in terms of a high level of uncertainty and international volatility, as well as in terms of economic indicators. Inflation is proving to be more resistant than we would have hoped, and economic growth is still low. However, we are optimistic and invest heavily in business development,” says Ӧmer Tetik, Director General, Banca Transilvania.
