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Banca Transilvania

BT's costs (as % of assets) remain unchanged yoy at % in 4Q2020

By Helgi Analytics - March 24, 2021

Banca Transilvania's cost to income ratio reached 59.3% in the second quarter of 2018, down from when compared to the previous ...

BT's net profit rose 65.7% yoy to RON 454 mil in 4Q2020

By Helgi Analytics - March 24, 2021

Banca Transilvania made a net profit of RON 454 mil under revenues of RON 1,393 mil in the fourth quarter of 2020, up 65.7% and ...

BT's capital adequacy ratio rose 4.58% yoy to 21.0% in 4Q2020

By Helgi Analytics - March 24, 2021

Banca Transilvania's capital adequacy ratio reached 21.0% at the end of fourth quarter of 2020, A PHP Error was encountered Severity:...

Profit Statement 2018 2019 2020
Net Interest Income RON mil 2,765 3,077 2,980
Net Fee Income RON mil 766 820 776
Other Income RON mil 708 1,156 1,236
Total Revenues RON mil 4,239 5,054 4,993
Staff Cost RON mil 1,065 1,038 1,097
Operating Profit RON mil 2,181 2,825 2,874
Provisions RON mil 364 293 821
Net Profit RON mil 1,130 1,843 1,481
Balance Sheet 2018 2019 2020
Interbank Loans RON mil 4,650 7,775 7,223
Customer Loans RON mil 36,797 39,175 42,165
Investments RON mil 24,175 27,986 33,300
Total Assets RON mil 77,897 91,722 107,538
Shareholders' Equity RON mil 7,880 9,214 10,462
Interbank Borrowing RON mil 1,899 1,770 2,011
Customer Deposits RON mil 65,161 77,037 90,942
Issued Debt Securities RON mil 1,655 2,088 2,123
Ratios 2018 2019 2020
ROE % 15.0 21.6 15.0
ROA % 1.64 2.17 1.49
Costs (As % Of Assets) % 2.99 2.63 2.13
Costs (As % Of Income) % 48.6 44.1 42.4
Capital Adequacy Ratio % 18.1 20.1 21.0
Net Interest Margin % 4.02 3.63 2.99
Loans (As % Of Deposits) % 56.5 50.9 46.4
NPLs (As % Of Loans) % 6.39 6.31 ...
Provisions (As % Of NPLs) % 103 102 ...
Valuation 2018 2019 2020
Market Capitalisation USD mil 2,374 3,174 3,242
Number Of Shares mil 6,222 5,747 5,324
Share Price RON 1.68 2.36 2.25
Price/Earnings (P/E) 9.25 7.36 8.09
Price/Book Value (P/BV) 1.33 1.47 1.14
Dividend Yield % 8.48 4.43 ...
Earnings Per Share (EPS) RON 0.182 0.321 0.278
Book Value Per Share RON 1.27 1.60 1.97
Dividend Per Share RON 0.143 0.105 ...

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summary Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                                
Net Interest Income RON mil                                   1,176 1,952 1,772 1,895 2,765    
Total Revenues RON mil                                   2,240 3,066 3,186 3,084 4,239    
Operating Profit RON mil                                   1,289 1,564 1,833 1,598 2,181    
Net Profit RON mil                                   441 2,446 1,272 1,247 1,130    
balance sheet                                                
Interbank Loans RON mil                                   2,387 3,798 2,786 5,348 4,650    
Customer Loans RON mil                                   17,419 24,895 26,710 29,464 36,797    
Investments RON mil                               ... ... ... 12,748 15,702 16,872 24,175    
Total Assets RON mil                                   35,796 47,579 51,944 59,805 77,897    
                                                   
Shareholders' Equity RON mil                                   3,797 6,241 6,153 7,140 7,880    
Interbank Borrowing RON mil                                   1,053 1,130 2,305 1,487 1,899    
Customer Deposits RON mil                                   30,128 38,690 41,929 49,060 65,161    
Issued Debt Securities RON mil                                   409 450 461 415 1,655    
ratios                                                
ROE % ...                                 12.6 48.7 20.5 18.8 15.0    
ROA % ...                                 1.30 5.87 2.56 2.23 1.64    
Costs (As % Of Assets) % ...                                 2.80 3.60 2.72 2.66 2.99    
Costs (As % Of Income) %                                   42.5 49.0 42.5 48.2 48.6    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ... ... ... ... 18.1    
Net Interest Margin % ...                                 3.46 4.68 3.56 3.39 4.02    
Interest Income (As % Of Revenues) %                                   52.5 63.7 55.6 61.4 65.2    
Fee Income (As % Of Revenues) %                                   19.0 15.9 17.1 20.3 18.1    
Staff Cost (As % Of Total Cost) %                                   49.9 45.1 49.2 51.4 51.7    
Equity (As % Of Assets) %                                   10.6 13.1 11.8 11.9 10.1    
Loans (As % Of Deposits) %                                   57.8 64.3 63.7 60.1 56.5    
Loans (As % Assets) %                                   48.7 52.3 51.4 49.3 47.2    
NPLs (As % Of Loans) %         ... ... ... ... ... ...               10.0 12.1 11.6 4.97 6.39   ...
Provisions (As % Of NPLs) %         ... ... ... ... ... ...               129 81.2 65.3 117 103   ...
valuation                                                
Market Capitalisation USD mil                                   1,136 1,767 2,019 2,381 2,374    
Number Of Shares mil ... ... ... ... ... ...                       5,261 5,772 5,762 5,725 6,222    
Share Price RON                                   0.868 1.28 1.52 1.61 1.68    
Earnings Per Share (EPS) RON ... ... ... ... ... ...                       0.084 0.184 0.223 0.218 0.182    
Book Value Per Share RON ... ... ... ... ... ...                       0.722 1.08 1.07 1.25 1.27    
Dividend Per Share RON ... ... ... ... ... ... ... ...         ...   ... ... ... ... 0.209 0.038 0.106 0.143   ...
Price/Earnings (P/E) ... ... ... ... ... ...                       10.4 6.97 6.81 7.39 9.25    
Price/Book Value (P/BV) ... ... ... ... ... ...                       1.20 1.19 1.42 1.29 1.33    
Dividend Yield % ... ... ... ... ... ... ... ...         ...   ... ... ... ... 16.3 2.52 6.60 8.48   ...
Earnings Per Share Growth % ... ... ... ... ... ... ...                     29.6 120 21.0 -2.02 -16.6    
Book Value Per Share Growth % ... ... ... ... ... ... ...                     39.4 49.8 -1.25 16.8 1.53    
income statement Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                                
Interest Income RON mil                                   1,798 2,417 2,035 2,106 3,198    
Interest Cost RON mil                                   622 465 264 212 433    
Net Interest Income RON mil                                   1,176 1,952 1,772 1,895 2,765    
Net Fee Income RON mil                                   426 487 546 627 766    
Fee Income RON mil                                   514 603 653 744 1,018    
Fee Expense RON mil                                   88.6 116 107 118 252    
Other Income RON mil                                   639 626 868 563 708    
Total Revenues RON mil                                   2,240 3,066 3,186 3,084 4,239    
Staff Cost RON mil                                   474 677 666 763 1,065    
Depreciation RON mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 98.4   ...
Other Cost RON mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 895   ...
Operating Cost RON mil                                   951 1,502 1,353 1,486 2,059    
Operating Profit RON mil                                   1,289 1,564 1,833 1,598 2,181    
Provisions RON mil                                   684 798 658 29.2 364    
Extra and Other Cost RON mil                                   88.6 -1,535 116 118 252    
Pre-Tax Profit RON mil                                   516 2,301 1,059 1,451 1,564    
Tax RON mil                                   73.2 -147 -218 202 423    
Minorities RON mil                                   1.37 1.89 4.59 3.02 10.9   ...
Net Profit RON mil                                   441 2,446 1,272 1,247 1,130    
Net Profit Avail. to Common RON mil                                   441 2,446 1,272 1,247 1,130    
Dividends RON mil ... ... ... ... ... ... ... ...         ...   ... ... ... ... 1,200 219 610 819   ...
growth rates                                                
Net Interest Income Growth % ...                                 14.9 66.1 -9.26 6.95 45.9    
Net Fee Income Growth % ...                                 14.3 14.4 12.2 14.7 22.2    
Total Revenue Growth % ...                                 18.4 36.9 3.91 -3.19 37.5    
Operating Cost Growth % ...                                 1.65 57.9 -9.93 9.88 38.5    
Operating Profit Growth % ...                                 34.8 21.4 17.2 -12.8 36.5    
Pre-Tax Profit Growth % ...                                 10.3 346 -54.0 37.0 7.77    
Net Profit Growth % ...                                 11.2 455 -48.0 -2.03 -9.38    
market share                                                
Market Share in Revenues % ... ... ... ...                       ... ... ... ... ... ... ... ... ...
Market Share in Net Profit %   ... ... ...                   ... ... ... ... ... ... ... ... ... ... ...
Market Share in Employees % ... ... ... ... ... ...                       10.8 12.9 13.7 13.6 ... ... ...
balance sheet Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                                
Cash & Cash Equivalents RON mil                                   4,234 5,109 5,294 6,638 10,322    
Interbank Loans RON mil                                   2,387 3,798 2,786 5,348 4,650    
Customer Loans RON mil                                   17,419 24,895 26,710 29,464 36,797    
Retail Loans RON mil                                   7,558 13,759 15,253 16,868 21,368   ...
Mortgage Loans RON mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 10,787   ...
Consumer Loans RON mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 10,581   ...
Corporate Loans RON mil                                   12,042 13,523 13,109 13,693 17,230   ...
Investments RON mil                               ... ... ... 12,748 15,702 16,872 24,175    
Property and Equipment RON mil                                   340 452 559 634 563    
Intangible Assets RON mil ... ... ...                             72.6 74.8 89.4 136 288    
Goodwill RON mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     0.376 0.376 2.77 2.77 4.30    
Total Assets RON mil                                   35,796 47,579 51,944 59,805 77,897    
                                                   
Shareholders' Equity RON mil                                   3,797 6,241 6,153 7,140 7,880    
Of Which Minority Interest RON mil                                   4.17 6.12 18.2 14.7 293    
Liabilities RON mil                                   31,999 41,338 45,792 52,665 70,017    
Interbank Borrowing RON mil                                   1,053 1,130 2,305 1,487 1,899    
Customer Deposits RON mil                                   30,128 38,690 41,929 49,060 65,161    
Sight Deposits RON mil                                   7,172 12,570 15,653 21,606 32,583   ...
Term Deposits RON mil                                   22,480 25,567 25,783 27,004 31,982   ...
Issued Debt Securities RON mil                                   409 450 461 415 1,655    
Subordinated Debt RON mil ... ... ... ... ... ... ... ... ...                 395 416 424 415 1,655    
Other Liabilities RON mil                                   409 1,068 1,096 1,703 1,302    
asset quality                                                
Non-Performing Loans RON mil         ... ... ... ... ... ...               2,011 3,351 3,351 1,554 2,515   ...
Gross Loans RON mil                                   20,009 27,615 28,900 31,281 39,382   ...
Risk-Weighted Assets RON mil ... ... ... ... ... ... ... ... ...                 ... ... ... ... 46,105   ...
Total Provisions RON mil                                   2,590 2,721 2,189 1,817 2,586   ...
growth rates                                                
Customer Loan Growth % ...                                 5.07 42.9 7.29 10.3 24.9    
Retail Loan Growth % ...                                 9.95 82.0 10.9 10.6 26.7   ...
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Corporate Loan Growth % ...                                 1.53 12.3 -3.06 4.45 25.8   ...
Total Asset Growth % ...                                 11.0 32.9 9.17 15.1 30.3    
Shareholders' Equity Growth % ...                                 19.3 64.4 -1.41 16.0 10.4    
Customer Deposit Growth % ...                                 15.2 28.4 8.37 17.0 32.8    
market share                                                
Market Share in Customer Loans %                                   8.25 11.5 12.1 12.7 ... ... ...
Market Share in Corporate Loans % ... ... ...                             11.4 12.9 12.9 13.1 ... ... ...
Market Share in Consumer Loans % ... ... ...                             7.40 12.7 13.5 13.8 ... ... ...
Market Share in Total Assets %                                   9.83 12.6 13.2 14.0 ... ... ...
Market Share in Customer Deposits %                                   12.9 15.3 15.3 16.2 ... ... ...
ratios Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                                 
ROE % ...                                 12.6 48.7 20.5 18.8 15.0    
ROTE % ... ... ... ...                           12.9 49.5 20.8 19.1 15.5    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ...               ... ... ... ... ...   ...
ROA % ...                                 1.30 5.87 2.56 2.23 1.64    
Return on Loans % ...                                 2.59 11.6 4.93 4.44 3.41    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ...               ... ... ... ... ...   ...
Costs (As % Of Assets) % ...                                 2.80 3.60 2.72 2.66 2.99    
Costs (As % Of Income) %                                   42.5 49.0 42.5 48.2 48.6    
Costs (As % Of Loans) % ...                                 5.60 7.10 5.24 5.29 6.21    
Costs (As % Of Loans & Deposits) % ...                                 2.11 2.70 2.05 2.02 2.28    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ... ... ... ... 18.1    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ... ... ... ... 14.6    
Net Interest Margin % ...                                 3.46 4.68 3.56 3.39 4.02    
Interest Spread % ...                                 3.25 4.53 3.48 3.34 3.94    
Asset Yield % ...                                 5.28 5.80 4.09 3.77 4.64    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ...               ... ... ... ... ...   ...
Cost Of Liabilities % ...                                 2.04 1.27 0.605 0.430 0.705    
Payout Ratio % ... ... ... ... ... ... ... ...         ...   ... ... ... ... 49.1 17.2 48.9 72.5   ...
Interest Income (As % Of Revenues) %                                   52.5 63.7 55.6 61.4 65.2    
Fee Income (As % Of Revenues) %                                   19.0 15.9 17.1 20.3 18.1    
Other Income (As % Of Revenues) %                                   28.5 20.4 27.2 18.2 16.7    
Staff Cost (As % Of Total Cost) %                                   49.9 45.1 49.2 51.4 51.7    
Equity (As % Of Assets) %                                   10.6 13.1 11.8 11.9 10.1    
Equity (As % Of Loans) %                                   21.8 25.1 23.0 24.2 21.4    
Loans (As % Of Deposits) %                                   57.8 64.3 63.7 60.1 56.5    
Loans (As % Assets) %                                   48.7 52.3 51.4 49.3 47.2    
NPLs (As % Of Loans) %         ... ... ... ... ... ...               10.0 12.1 11.6 4.97 6.39   ...
Provisions (As % Of NPLs) %         ... ... ... ... ... ...               129 81.2 65.3 117 103   ...
Provisions (As % Of Loans) %                                   14.9 10.9 8.20 6.17 7.03   ...
Cost of Provisions (As % Of Loans) % ...                                 4.03 3.77 2.55 0.104 1.10    
other data Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                                 
Branches ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   542 556 544 496 ... ... ...
Employees                                   6,236 7,227 7,573 7,513 9,014   ...
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   11.5 13.0 13.9 15.1 ... ... ...
Cost Per Employee USD per month                                   1,826 1,988 1,734 2,066 2,473   ...
Cost Per Employee (Local Currency) RON per month                                   6,340 7,803 7,327 8,466 9,847   ...
Women (As % of Workforce) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 75.9 75.9 75.6 75.7   ...
customer breakdown Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                                 
Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
                                                   
Market Value per Customer (Local Currency) RON ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Revenue per Customer (Local Currency) RON ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Net Profit per Customer (Local Currency) RON ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Loan per Customer (Local Currency) RON ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Deposit per Customer (Local Currency) RON ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Revenue per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Net Profit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Loan per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Deposit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  

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BT's employees remain unchanged yoy at in 3Q2020

By Helgi Analytics - March 24, 2021

Banca Transilvania employed 10,166 persons in 2018-06-30, down 0% when compared to the previous year. Historically, the bank's workforce hit an all time high of 10,166 persons in 2018-06-30 and an all time low of 7,488 in 2016-06-30. Average cost reached USD 2,400...

BT's net interest margin rose 170% yoy to 3.09% in 4Q2020

By Helgi Analytics - March 24, 2021

Banca Transilvania's net interest margin amounted to 3.09% in the fourth quarter of 2020, up from 2.91% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 8.04% in 4Q2015 and an all time low of ...

BT's net interest income rose 215% yoy to RON 802 mil in 4Q2020

By Helgi Analytics - March 24, 2021

Banca Transilvania generated total banking revenues of RON 1,393 mil in the fourth quarter of 2020, up 76.8% when compared to the same period of last year and 10.8% when compared to the previous quarter. Historically, the bank’s revenues containing of interes...

BT's corporate loans remain unchanged yoy at RON 18,570 mil in 3Q2020

By Helgi Analytics - March 24, 2021

Banca Transilvania's loans reached RON 43,847 mil in the third quarter of 2020, up from RON 42,712 mil when compared to the previous quarter and down from when compared to the same period of last year. Historically, the bank’s loans reached an all ...

BT's equity (as % of assets) fell 3.15% yoy to 9.73% in 4Q2020

By Helgi Analytics - March 24, 2021

Banca Transilvania's Equity reached 9.73% of total assets in the 4Q2020, down from 10.0% for the previous year. As a share of net customer loans, the ratio amounted to 24.8% at the end of the fourth quarter of 2020. ...

BT's customer loan growth rose 18.1% yoy to 7.63% in 4Q2020

By Helgi Analytics - March 24, 2021

Banca Transilvania's customer loan growth reached 7.63% in 2020-12-31, up from 6.47% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 104% in 2019-06-30 and an all time low of -35.9% in 2018-06-30. In the la...

BT's customer loans rose 10.3% yoy to RON 29,464 mil in 2017

By Helgi Analytics - March 24, 2021

Banca Transilvania's customer loans reached RON 29,464 mil in 2017, up 10.3% compared to the previous year. Romanian banking sector provided customer loans of RON 233 bil in 2017, up 5.70% when compared to the last year. Banca Transilvania accounted for 1...

BT's customer deposits rose 17.0% yoy to RON 49,060 mil in 2017

By Helgi Analytics - March 24, 2021

Banca Transilvania's customer deposits reached RON 49,060 mil in 2017, up 17.0% compared to the previous year. Romanian banking sector accepted customer deposits of RON 303 bil in 2017, up 10.4% when compared to the last year. Banca Transilvania accounted...

BT's net profit fell 19.7% yoy to RON 1,481 mil in 2020

By Helgi Analytics - March 24, 2021

Banca Transilvania made a net profit of RON 1,481 mil under revenues of RON 4,993 mil in 2020, up -19.7% and -1.21% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RON 2,446 mil in 2015 and an all time low of ...

BT's net profit fell 19.7% yoy to RON 1,481 mil in 2020

By Helgi Analytics - March 24, 2021

Banca Transilvania made a net profit of RON 1,481 mil in 2020, down 19.7% compared to the previous year. This implies a return on equity of 15.0%. Historically, the bank’s net profit reached an all time high of RON 2,446 mil in 2015 and an all time low of R...

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Banca Transilvania SA is a Romanian-based bank. The bank offers financial services both for corporate and individual customers. Its main financial activities are divided into seven segments: Corporate Client, Small & Medium-sized Client (SME), Individual Client, Healthcare, Treasury, Leasing and Loans and Other. The Bank offers a wide range of products and services such as lending services, financial consulting and planning, financial advisory, financial products and services such as loans, mortgages, card services, transfer of money, tax assistance or treasury activities. At the end of 2013, the Bank had 542 branches and 6,042 employees throughout Romania. Banca Transilvania S.A. was incorporated in 1993 and is headquartered in Cluj-Napoca, Romania

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Finance

Banca Transilvania has been growing its revenues and asset by 12.1% and 17.3% a year on average in the last 10 years. Its loans and deposits have grown by 13.2% and 17.8% a year during that time and loans to deposits ratio reached 46.4% at the end of 2020. The company achieved an average return on equity of 19.2% in the last decade with net profit growing 27.2% a year on average. In terms of operating efficiency, its cost to income ratio reached 42.4% in 2020, compared to 47.2% average in the last decade.

Equity represented 9.73% of total assets or 24.8% of loans at the end of 2020. Banca Transilvania's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2020.

Valuation

Banca Transilvania stock traded at per share at the end of 2020 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 17.2% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 8.09x and price to book value (PBV) of 1.14x in 2020.