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

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 ...

Initiation of share repurchase program on 04.03.2019

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: 04.03.2019 BANCA TRANSILVANIA S.A. CLUJ-NAPOCA   Headquarters:                                                                  Cluj-Napoca, 8 G. Baritiu Street Telephone/fax number: ...

Financial calendar Update Q1 2019

    Shareholders’ Department   BUCHAREST STOCK EXCHANGE ISSUERS DIVISION       Though the following we request that the change of the following dates in BANCA TRANSILVANIA’s financial calendar for 2019:     Q1/2019 individual financial results will be disclosed on 25.04.2019 (as initially communicated); ...

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 support twinned by the Bancpost integration ●196,000 loans to companies and individual customers granted in 2018● ●Over RON 9 billion worth of loa ...

The first 25 years

                                                                                                                                Banca Transilvania. First 25 years   25 years ago, with responsibility, great courage and a capital of USD 2,000,000, 46 entrepreneurs founded one of the most successful Romanian capital’s development stor ...

2019 Financial calendar Update

    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 04.03.2019, at 16.00 ( ...

Notification - buyback 21.01.2019-23.01.2019

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: 28.01.2019 ...

Rating Fitch 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: 28.01.2019 BANCA TRANSILVANIA S.A. CLUJ-NAPOCA   Headquarters:                                                                  Cluj-Napoca, 8 G. Baritiu Street Telephone/fax number: ...

Preliminary financial results 2017

Press release, February, 15th 2018    ● Preliminary Financial Results as at December 31, 2017   2017 meant for Banca Transilvania a continuation of the positive track record, organic ...

Q3 financial results 2017

  Press Release, November 13, 2017   BT, the Partner of the Entrepreneurs and Supporter of the Romanian Economy  ● Financial Results as at September 30, 2017●   The first nin ...

Half-year financial results 2017

Press release, 10th August 2017 Banca Transilvania, robust business growth for the first semester  ● Financial results as at 30 June 2017 ● The first semester of 2017 was a period of orga ...

2016 Annual report

                                                                                                                                                                                                        ...

Q1 2017 financial results

Press Release, April 26, 2017   36.000 new loans granted by BT during the first three months of the year   ● Financial Results as at March 31, 2017 ●                    The fir ...

Preliminary financial results 2016

  Press Release, February 15, 2017   Sound organic growth, one year after the merger between Banca Transilvania and Volksbank Romania   The 2016 results confirm the positive trend ...

Q3 2016 financial results

 Press Release, November 14, 2016   Focus on lending, customer experience and corporate social responsibility   Q3 results confirm the positive trend of the year beginning and the budg ...

Half-year financial results 2016

Press release, August 12, 2016   Banca Transilvania, focus on customer experience   Q2 results confirm the trend of the year beginning and the budget for 2016   Financial Resul ...

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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