BANCA TRANSILVANIA S.A.

Banca Transilvania S.A. is a universal bank headquartered in Cluj-Napoca, Romania, founded in 1993 and listed on the Bucharest Stock Exchange under the ticker TLV, where it is a constituent of the BET index and FTSE Russell’s Romania-linked indices. The bank is the largest in Romania by assets and operates a nationwide network of branches and ATM/POS terminals, serving retail, SME, and corporate clients. Its group activities extend to leasing, consumer finance, asset management, brokerage and investment banking through subsidiaries such as BT Leasing, BT Direct, BT Asset Management SAI and BT Capital Partners. Digital distribution includes the NeoBT internet/mobile banking platform and the BT Pay wallet, alongside card issuing and acquiring with major schemes. Governance features a unitary board; the board chair has for years been Horia Ciorcila and the chief executive has been Omer Tetik, with a free-float-heavy shareholder base that includes domestic and international institutional investors, historically including the EBRD with a single-digit percentage stake. Growth has combined organic expansion and acquisitions, notably Volksbank Romania (2015), Bancpost and associated ERB entities (2018), and Idea Bank Romania (2021), which were integrated into the group. Funding is primarily customer deposits with a loan-to-deposit ratio below 1x and liquidity and capital ratios maintained above regulatory minima; asset quality has been in single-digit NPL territory in recent years under IFRS. The bank is supervised by the National Bank of Romania and participates in the national deposit guarantee scheme (FGDB) covering eligible deposits up to the equivalent of EUR 100,000 per depositor. Key sensitivities include Romania’s macroeconomic conditions, interest-rate and credit-cycle effects on margins and cost of risk, regulatory changes, competition from foreign-owned banks and non-bank platforms, and operational and cybersecurity risks associated with a broad physical and digital footprint.