Sustained growth through enhanced operational activity in the first three months
Assets: ≈RON 176 billion BT Financial Group
Consolidated net profit: RON 1,132.4 million (+35% compared to Q1 2023)
Individual net profit: RON 913.2 million (+35% compared to Q1 2023)
Contribution of subsidiaries and equity holdings to BT's profitability: ≈RON 219.2 million
Financial
Ratios
Sustainable growth and lending
Digital & accessibility
Gross loans/deposits ratio at
Capital Adequacy Ratio at bank
bank level: 56.27%
level (profit included): 21.47%
Cost-to-income
Non-performing
ratio: 45.10%
loans ratio: 2.01%
4.3 million active clients
50,000 people chose to do banking with BT in Q1 2024, of who:
42,000 individuals
8,000 companies
≈4,000 people bought a house with the help of BT Granted amount: ≈RON 1 billion
Mortgage loans balance: RON 19 billion (≈25% of the loans portfolio)
RON 45 billion is the balance of corporate loans
RON 137 billion amount the BT's deposits
RON 88.1 billion, retail deposits
RON 48.8 billion, corporate deposits
+92% of the bank's clients (aprox. 4 million) are digitalized and use at least one of the BT's apps
+40% mobile payments, Q1 2024 vs Q1 2023
1 million people accessed the financial education platform Întreb BT 60,000 people accessed the AI Search feature
500,000 payments were performed during the first three months of 2024, by companies enrolled in BT Go
12,000 clients chose every month the Round Up feature from BT Pay, in order to save money
+35%
+26%
+12%
No. of transactions
New loans
Deposits' balance,
routed through BT
granted by BT
at bank level
Q1 2024 vs Q1 2023
Q1 2024 vs Q1 2023
Q1 2024 vs Q1 2023
Ӧmer Tetik
CEO
The beginning of the year is encouraging and shows that we are on the right track to reach our goals for 2024. Our focus stays on boosting volumes, reaching more clients, and securing new business across all segments, while simultaneously consolidating the companies within the Banca Transilvania Financial Group. Thus, we increase the balance sheet and footprint of BT Group, through expanding our role in the Romanian banking sector and improving the financial access in the country. From a macroeconomic perspective, the rest of the year remains challenging, due to the international uncertainty and the market volatility. Inflation proves to be more resilient than hoped and economic growth remains subdued. Nevertheless, we remain optimistic and we continue to invest steadily in business development.
Banca Transilvania | Investor Relations
Attachments
Original Link
Original Document
Permalink
Disclaimer
Banca Transilvania SA published this content on
10 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
10 May 2024 16:06:38 UTC.
Banca Transilvania is a banking group organized around 5 areas of activity:
- retail banking (32.8% of Net interest income);
- corporate and investment banking (12.4%);
- financial services (8.1%);
- treasury banking (8.9%);
- other (37.8%).
At the end of 2021, the group had RON 108 billion in current deposits and RON 54.5 in current loans.
Products and services are marketed through a network of 443 branches located in Romania and Italy.
BANCA TRANSILVANIA S.A. 
