BANCA TRANSILVANIA S.A.

BANCA TRANSILVANIA S.A.

About BANCA TRANSILVANIA S.A.

At the end of 2016, Banca Transilvania was the second largest bank in Romania, according to assets, with a market share of 13.18%. Its activity is organized on three main business lines: Corporate, SME and Retail, with specific focus on agriculture, healthcare and European funds. BT has over 7,000 employees, a network of up to 550 units and over 2 million active clients.

With a history of 23 years, Banca Transilvania has been a pioneer in actively contributing to the development of the financial sector and the capital market in Romania.

Banca Transilvania has remained constant in its strategy to support the Romanian private sector, by financing projects year after year.

Complete and up-to-date information regarding the most recent achievements and past financial performance is available on the bank's website: www.bancatransilvania.ro

President: HORIA CIORCILA

Shareholder structure

Shareholder Shares Percent
alti actionari / others 3,646,047,792 100.00%
Total 3,646,047,792 100%

Info provided by: DEPOZITARUL CENTRAL Date: 06/14/2017

Market statistics

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Volume

Dividends

Year Dividend Reference date for GMS GMS date (dividend) Record Date Ex-dividend Date Announcement Date Payment date
2018 0.170000 N/A 04/24/2019 06/05/2019 06/04/2019 02/27/2019 06/14/2019
2017 0.140506 N/A 04/25/2018 06/05/2018 06/04/2018 03/21/2018 06/15/2018
2016 0.060065 04/14/2017 04/26/2017 08/04/2017 08/03/2017 03/22/2017 08/10/2017
2015 0.396558 04/15/2016 04/27/2016 05/31/2016 05/30/2016 03/17/2016 06/17/2016
2008 0.047200 04/15/2009 04/29/2009 05/20/2009 05/18/2009 03/24/2009 06/01/2009

Q1 financial results consolidated 2019

  Press Release, May 8, 2019 Banca Transilvania Financial Group,  the Largest Ecosystem for the Support of Romanian Entrepreneurs ● BT Financial Group’s Financial Results as at 31.03.2019 In the first quarter of the year, Banca Transilvania Financial Group continued to offer its support to the Romanian entrepreneurs and economy ...

Financial calendar Update 2019

    Shareholders’ Department    BUCHAREST STOCK EXCHANGE ISSUERS DIVISION     Though the following we request that the change of the following date in BANCA TRANSILVANIA’s financial calendar for 2019 : -        The conference call – Preliminary annual financial results will take place on 09.05.2019, at 16.00 (instead ...

Annual report 2018

    BANCA TRANSILVANIA S.A. (TLV) hereby informs its shareholders that the 2018 Annual Report, prepared in accordance with article 63 of the Law no. 24/2017 on issuers of securities and market operations, will be available on the website of BANCA TRANSILVANIA S.A., at https://www.bancatransilvania.ro/en/investor-relations/financial-results/ ...

Q1 financial results 2019

Press Release, April 25, 2019   BT’s Financial Results as at March 31, 2019   Banca Transilvania, Sound Growth of the Lending Activity in Q1, 2019   42,000 loans to companies and individuals were granted by BT in the first quarter of 2019; More than RON 2 billion were lent to companies in Romania in the first 3 ...

OGSM & EGSM resolutions 24.04.2019

    CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations Date: 25.04.2019   BANCA TRANSILVANIA S.A. CLUJ-NAPOCA   Headquarters:                                                             Cluj-Napoca, no. 8 G. Baritiu Street Tele ...

O&E GMS Convening Note Publication, April 2019 in the Official Gazette

CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations  Date: 28.03.2019  BANCA TRANSILVANIA S.A. CLUJ-NAPOCA   Headquarters:                                                                           Cluj-Napoca, 8 G. Baritiu Street Telephone/ ...

Notification - buyback 18.03-22.03.2019

Notification regarding the transactions performed within the buy-back program, in accordance with the ASF Regulation no.5/2018 regarding the Issuers of Financial Instruments and Market Operations and provisions of the Delegate Regulation (EU) 2016/1052   Date of the report: 25.03.2019 ...

Notice of O&EGSM 24./25.04.2019

    CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations Date: 20.03.2019   BANCA TRANSILVANIA S.A. CLUJ-NAPOCA   Headquarters:                                                                   Cluj-Napoca, 8 G. Baritiu Street Te ...

Notification - buyback 11.03-15.03.2019

Notification regarding the transactions performed within the buy-back program, in accordance with the ASF Regulation no.5/2018 regarding the Issuers of Financial Instruments and Market Operations and provisions of the Delegate Regulation (EU) 2016/1052   Date of the report: 18.03.2019 ...

Notification - buyback 05.03.-08.03.2019

  Notification regarding the transactions performed within the buy-back program, in accordance with the ASF Regulation no.5/2018 regarding the Issuers of Financial Instruments and Market Operations and provisions of the Delegate Regulation (EU) 2016/1052   Date of the report: 11.03.2019 ...

Q1 financial results consolidated 2019

  Press Release, May 8, 2019 Banca Transilvania Financial Group,  the Largest Ecosystem for the Support of Romanian Entrepreneurs ● BT Financial Group’s Financial Results as at 31.03. ...

Annual report 2018

    BANCA TRANSILVANIA S.A. (TLV) hereby informs its shareholders that the 2018 Annual Report, prepared in accordance with article 63 of the Law no. 24/2017 on issuers of securities and market ...

Q1 financial results 2019

Press Release, April 25, 2019   BT’s Financial Results as at March 31, 2019   Banca Transilvania, Sound Growth of the Lending Activity in Q1, 2019   42,000 loans to com ...

Preliminary financial results 2018

Press Release, February 27, 2019     BT’s Preliminary Financial Results as at December 31, 2018   Banca Transilvania, the largest lender of the local economy in 2018: customer supp ...

Rectification of an error - Q3 2018 Report

CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations Date: 13.11.2018 BANCA TRANSILVANIA S.A. CLUJ-NAPO ...

Report Q3 2018

Press Release, 13th of November 2018   Nine months of 2018 for Banca Transilvania:                                          We continue to support the local economy and population, while   ...

Rectification of an error - H1 2018 Report

CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations Date: 13.08.2018 BANCA TRANSILVANIA S.A. CLUJ-NAPOCA ...

H1 2018 Report

Press release, August 10, 2018   First half of 2018 for Banca Transilvania:    Constant organic growth and intensive integration activity of two banks within BT Financial Group   ...

2017 Annual report

    BANCA TRANSILVANIA S.A. (TLV) hereby informs its shareholders that the 2017 Annual Report, prepared in accordance with article 113 letter E of NSC (National Securities Commission) Regulati ...

Q1 2018 financial results

  Press release, April 25, 2018   Banca Transilvania: sound evolution, investing in the Romanian economy and in technology     During the first three months of this year Banc ...

Annual financial information

2016 2017
Operating income 2,755,496,209 2,823,393,238
Net interest income 1,909,894,238 1,710,734,738
Net fee and commission income 457,516,060 509,462,702
Interest income 2,369,835,242 1,971,218,399
Loans and advances to customers 25,107,527,419 27,209,976,347
Debt securities issued 985,142,535 2,246,461,412
Property and equipment 337,076,025 370,305,304
Deposits from banks 388,425,355 247,267,709
Deposits from customers 38,395,292,002 41,851,773,174
Share capital 3,112,504,719 3,732,548,832
Financial assets available for sale 12,332,576,054 15,120,523,651
Total assets 47,342,664,814 51,769,601,691
Profit for the year 1,228,440,000 1,228,440,317
Profit before tax 2,265,129,336 999,123,050
Total liabilities 41,224,904,356 45,785,513,103
Interest expense 459,941,004 260,483,661
Operating expenses 2,140,967,101 1,824,270,188
Cash and cash equivalents 5,104,871,196 5,293,635,327
Total equity 6,117,760,458 5,984,088,588

Financial indicators

Year Financial statements Key financials Ministry of Finance format (excerpt)*
2016 Q3 2016 Download -
2016 Q1 2016 Download -
2016 H1 2016 Download -
2016 Financial preliminary results 2016 Download -
2015 Q1 2015 Download -
2015 H1 2015 Download -
2015 Q3 2015 Download -
2015 Financial preliminary results 2015 Download -
2014 Q3 2014 Download -
2014 Financial preliminary results 2014 Download -
2014 Q1 2014 Download -
2014 H1 2014 Download -
2013 Q3 2013 Download -
2013 Q1 2013 Download -
2013 H1 2013 Download -
2013 Financial preliminary results 2013 Download -
2012 Q1 2012 Download -
2012 H1 2012 Download -
2012 Financial Preliminary Results 2012 Download -
2012 Q3 2012 Download -

ANALYST ESTIMATES

ANALYST REPORT May 22, 2017

Analysis report - financial reports for Q1 2017

TLV - BANCA TRANSILVANIA S.A.

May 22, 2017 - 2017 started well for most of the companies listed on BSE, and in some cases we've seen major profit increases.

ANALYST REPORT February 20, 2017

Banca Transilvania: strong 2016 results, decent outlook for 2017E

TLV - BANCA TRANSILVANIA S.A.

February 20, 2017 - Banca Transilvania reported its 2016 results on Friday (17 February) and held a conference call to discuss the financial results. During the call, management presented some estimates for 2017E and also regarding the dividends, but no exact numbers were disclosed. The dividend indications seem to point towards a lower cash dividend (although the market’s expectations of 4.5% look achievable, in our view) vs. the stock dividend. Overall, the results and the call both confirm our view on the bank, which remains a good investment for exposure to Romanian GDP growth. An eventual faster expansion via acquisitions would add more to the growth, although nothing has been disclosed yet in this respect.

ANALYST REPORT February 15, 2017

Banca Transilvani. Good as expected

TLV - BANCA TRANSILVANIA S.A.

February 15, 2017 - TLV reported FY net income came to RON 1.3 billion above our forecast of RON 890 million, due to a deferred tax asset related to the Volksbank transaction. Without this one-off, profit came broadly in line. Net interest income was up both q-o-q (+7.7%) and y-o-y (+17.7%) thanks to higher volumes and higher NIM as well (366 bps vs 353 bps in Q3). Net F&C also went up significantly (+2.9% q-o-q and 9.9% y-o-y) while net trading income declined. OPEX went up q-o-q but remained below 2015 Q4 level, cost-to-income ratio stood at 43.4% on our calculation, 46.4% ex-VISA. Risk cost somewhat rebounded from the levels seen in previous quarters. NPL ratio fell to 4.62% (9.84% by EBA definition which uses stricter conditions). Coverage with collaterals stood at 117.5%, however, we need more information on the structure of cash vs. collateral coverage breakdown. Lending remained sound with net loans up by 2.9% q-o-q. LTD ratio pretty comfortable at 65.3%.

ANALYST REPORT December 20, 2016

Solid results

TLV - BANCA TRANSILVANIA S.A.

December 20, 2016 - According to the multi-criterial model for share evaluation, the final coefficient calculated as the weighted sum of five factors taken into account is set to 0.2, which corresponds to a maintenance recommendation. The intrinsic value for TLV shares calculated to a null final coefficient is 2.73 lei / share, which represents the share price target for the next 12 months for this shares.

ANALYST REPORT October 19, 2016

Banca Transilvania: reconversion of converted CHF loans creates risks of additional provisions

TLV - BANCA TRANSILVANIA S.A.

October 19, 2016 - The newly-passed law requiring the conversion of CHF loans into RON at historical rates could increase the pressure for Banca Transilvania (BT) to create additional provisions, especially given the amendment added just before the vote was taken, that conversion at historical rates might also be applied to the banks that have already converted the loans. Thus, we see risks to the downside as BT now trades close to our price target (PT) of RON 2.57 (implying just 8% upside) and at a P/B of 1.45x, which implies a premium of 20% vs. its local peers. However, we also see mitigating factors in that the bank still has unutilised general provisions, from when it acquired Volksbank (that can be used for covering at least part of the conversion), as the law still appears fraught with legal issues and the President can still send the law back to Parliament for re-examination.

ANALYST REPORT August 18, 2016

Foreclosure provisioning offset by Visa deal gain.

TLV - BANCA TRANSILVANIA S.A.

August 18, 2016 - Valuation We update our view on Banca Transilvania with a BUY recommendation and a target price of RON 2.80 per share revealing an upside potential of 18% against last close. We used a two-stage DDM with a 4-year explicitly forecasted period. The 1st stage up to 2020 is explicitly forecasted. In the 2nd stage, we modeled in a gradual ROE transition to 10.4%, the estimated long-term cost of equity, and a long-term growth rate of 2.6%.

ANALYST REPORT May 31, 2016

Romanian Banks. Banking on the macro story

TLV - BANCA TRANSILVANIA S.A.

May 31, 2016 - We remain positive on the outlook for the banking sector in Romania and believe that it still offers one of the best growth/risk profiles in the region. While we acknowledge the negative impact that pre-election political decisions might have on the banking system, we believe these are exaggerated, and that they are already incorporated in the stock prices. In our view, the fundamentals for the potential growth of the system are still in place: strong macroeconomic conditions that should eventually lead to loan growth, and a recovery in net interest margins (NIM) as interest rates have stabilised and the banks are improving their asset allocation profiles. Cost of risk (COR) should also remain on a downward path, although we believe the pace of decline is likely to slow, especially given the potential additional provisions related to the mortgage walkaway law.

ANALYST ESTIMATES

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