Banca Transilvania reports operating profit of 4.5 billion RON, up 28 percent in 2024

Banca Transilvania Group grew in 2024 both through acquisitions and organically, contributing to supporting the Romanian economy. At the same time, Banca Transilvania is the main financier of the economy, the population and the state, including through the payment of total taxes and social contributions of over 1.7 billion lei, according to the press release on the 2024 activity report. The taxes and duties paid by Banca Transilvania Group in Ro…

The Romanian banking sector recorded solid performance in 2024, a year marked by robust increases in profits, assets and, implicitly, lending, with the sector’s net banking profit reaching 14.8 billion lei. The Banca Transilvania financial group (TLV) and Banca Comercială Română (BCR), two of the largest financial institutions in the country, have […] The article Banking sector, accelerated growth in 2024 – The situation of profits and assets fo…

Banca Transilvania reports operating profit of 4.5 billion RON, up 28 percent in 2024

BT Financial Group’s consolidated net profit reached RON 4.7 billion in 2024, of which the bank’s net profit amounts to RON 3.5 billion. The Group’s subsidiaries and equity holdings contributed with approximately RON 384.6 million to BT Group’s profitability. For a five months period, until December 31, 2024, the companies acquired from OTP Group generated a RON 58.1 million profit to Banca Transilvania Financial Group’s results. The bank’s oper…

Sphera Group reports net profit of 97.2 million RON, up 22

Sphera Franchise Group, the largest food service group in Romania, concluded 2024, the best year in its history, with sales of over 1.5 billion RON (up 5.4 percent) and a net profit of 97.2 million RON (up 22 percent). “In 2024, we had remarkable financial results, we continued our expansion and improved operational efficiency. We... The post Sphera Group reports net profit of 97.2 million RON, up 22 percent in 2024 appeared on Rmag.