Romania's Banca Transilvania expects credit to keep growing robustly in Q4 and 2025
<p>Omer Tetik, CEO of Banca Transilvania (BVB: TLV), highlighted robust loan demand in the third quarter and expressed confidence that the final quarter of the year will perform equally well.&nbsp;</p>

<p>"We are in a strong growth trend," Tetik told analysts during a post-results conference, <a href="https://www.zf.ro/burse-fonduri-mutuale/omer-tetik-banca-transilvania-ne-asteptam-ca-t4-sa-fie-cel-putin-la-22566478?mc_cid=d94479a289&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a> reported.</p>

<p>The bank, based in Cluj, posted a consolidated net profit of RON 1.76 billion in Q3. This includes a RON 674 million gain from the acquisition of OTP Bank. Excluding this non-taxable gain, the net profit stood at RON 1.1 billion, marking a 30% increase compared to the same period in 2023, driven by higher lending activity.</p>

<p>"For BT, as well as for the Romanian market and most banking sectors, the last quarter of the year is one of the most productive. It's a very hectic time," Tetik explained.&nbsp;</p>

<p>He also noted a particularly strong Black Friday performance, pointing to heightened customer appetite and confidence.</p>

<p>Banca Transilvania, valued at RON 26 billion by investors, manages assets worth RON 200 billion.&nbsp;</p>

<p><em>iulian@romania-insider.com</em></p>

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