![]() | This article needs to be updated.(February 2023) |
![]() | |
![]() Headquarters of Banca Transilvania in Cluj-Napoca | |
Company type | Public |
---|---|
BVB: TLV | |
ISIN | ROTLVAACNOR1 |
Industry | |
Founded | 12 February 1994 |
Headquarters | , Romania |
Number of locations | ![]() |
Key people | |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | ![]() |
Divisions | |
Subsidiaries | |
Website | bancatransilvania |
Footnotes /references [1] |
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%. [2] 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 companies, 550 locations, and over 7,000 employees. [3] Since June 2013, the CEO of BT has been Ömer Tetik. [4] A large Romanian bank, Banca Transilvania has over 1.76 million customers.
The European Bank for Reconstruction and Development (EBRD) was at some point the largest shareholder in the bank (15% of capital). [3]
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. [5] [6]
In 1997, it became the first bank in Romania to be listed on the Bucharest Stock Exchange [3] It entered Superbrands Romania for the first time in 2013. Furthermore, it also launched the Western Union money transfer service via Internet Banking [7] and ATM. [8]
In 2021, Banca Transilvania bought Polish Idea Bank Romanian unit and renamed it to Salt Bank in November 2023. [9] In July 2024, Banca Transilvania acquired Hungarian OTP Bank unit in Romania and its merger into Banca Transilvania in March 2025. [10]
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. [13]
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. [20]
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. [21]
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. [22] 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. [23] It was founded in 2005 and manages the BT Maxim, BT Classic [24] [25] and BT Invest 1 closed-end investment funds, which hold shares in Romanian companies with high growth potential. [26] In 2007, BT Asset Management was the leading Romanian mutual fund with a market share of 15.3%, [27] in 2008 it slipped to 5th place, with a market share of 5.2% and assets of 77.3 million RON. [28]
• 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