Banca Transilvania reports operating profit of 4.5 billion RON, up 28 percent in 2024

BT Financial Group’s consolidated net profit reached RON 4.7 billion in 2024, of which the bank’s net profit amounts to RON 3.5 billion. The Group’s subsidiaries and equity holdings contributed with approximately RON 384.6 million to BT Group’s profitability.

For a five months period, until December 31, 2024, the companies acquired from OTP Group generated a RON 58.1 million profit to Banca Transilvania Financial Group’s results.

The bank’s operating profit increased to RON 4.5 billion, +28.3 percent compared to 2023 , backed by the bank’s increased operational activity. BT’s operational efficiency, as reflected by the cost-to-income ratio, improved to 45.4 percent due to efficient cost management and streamlining of the business activity through the digitization processes.

Net loans and receivables from finance leases, at consolidated level, increased by 27.5 percent reaching RON 96.4 billion while customers’ deposits reached RON 167.8 billion,+ 21.6 percent YoY.

Business lines performance in 2024 :

• Over 66,000 companies and 530,000 individuals have chosen to work with Banca Transilvania in 2024. BT reached almost 4.6 million customers at the end of 2024, of which 4.1 million are retail customers and over 480,000 are corporate.
• The bank’s new production of corporate loans amounted to RON 26.6 billion and for retail loans RON 8.8 billion in 2024. The new loans granted to Micro and SME customers are RON 2 billion higher compared to the 2023 level. The Bank was a partner in the state-guaranteed programs IMM Invest Plus and Creditul Fermierului, with loans surpassing RON 3.5 billion.
• More than 300,000 loans were granted by BT in 2024, +9.4 percent compared to 2023. Of these, 135,000 are consumer loans.
• The balance of gross loans, at individual level, is 13.5 percent higher compared to December 2023. The balance of corporate loans posted a significant 17.5 percent YoY growth in 2024, whereas the balance of retail loans grew by 7.9 percent YoY.
• More than 15,000 people have bought a home with BT’s support in 2024, the mortgages new production totaling around RON 4.5 billion. The balance of mortgage loans amounted to RON 19.3 billion in December 2024, +3.2 percent compared to December 2023, representing 22 percent of the total loan book.
• The number of cards reached 7 million, including the BT cards issued to OTP Bank Romania customers, while card transactions increased by 23 percent compared to 2023.
• The number of phone payments was, as of December 2024, 36 percent higher YoY whereas the volume of BT Pay transfers grew by 54 percent compared to the 2023 figures.