BT reports 756 mil. lei net profit for the first quarter in 2025. 45% of it will be distributed as dividends to shareholders.

The BT’s operations recorded a significant increase: +16% in the number of processed transactions for retail segment and companies, compared with Q1 2024.

The bank’s gross loan balance shows an increase of RON 12.7 billion, +14.7% compared with December 2024 following the integration of the OTP Bank Romania portfolio and the increase of the granted loans’ volume. Deposits of the bank’s customers increased to RON 160.1 billion, +6.2% compared with December 2024. Retail clients’ deposits amounted to RON 104.3 billion while corporates’ deposits reached RON 55.9 billion.

For the BT Group, the first quarter also saw the completion of two bank integrations, in Romania and the Republic of Moldova, with the merger of Banca Transilvania with OTP Bank, and of Victoriabank with BCR Chisinau. These mergers impacted positively the BT Group’s assets, which reached RON 206.8 billion as of March 2025. The Bank’s assets posted a 6.7% year-to-date increase and amounted to RON 196.7 billion.

Consolidated net profit reached RON 877 million. The contribution of subsidiaries and equity holdings to the BT Group’s profitability amounted to RON 120.8 million in the first quarter of 2025. Of the BT Group’s profit, the Bank’s profit accounted for 86%, reaching RON 756 million. The bank’s profit includes only one month’s revenues (March 2025) related to the OTP Bank Romania portfolio (amounting to RON 65 million). Thus, Banca Transilvania’s profit does not include revenues amounting to RON 138 million recorded by OTP Bank Romania in January and February 2025.

„Beyond the past and present gains from the transaction with OTP Bank Romania, the merger brings us significant synergies and opportunities for the future, even though in the short term it impacted the quarterly result – both by only including one month of revenues and by integration expenses.

On the other hand, we are watching the macroeconomic picture carefully, waiting for the political uncertainties to be finalized and for the structural reforms to be implemented to help the country continue its sustained growth and reach its potential. Romania has a much more developed economy than in other years, which makes us confident that we will get through this turbulent period.” – said Ömer Tetik, Managing Director, Banca Transilvania.

45% of the 2024 gross profit distributed as dividends to shareholders

At the end of March 2025, Banca Transilvania had 79% Romanian shareholding, more than 67,000 direct shareholders and more than 8 million indirect shareholders, considering that Pension Funds hold around 28% of the bank’s shares. At the General Shareholders’ Meeting in April 2025, shareholders approved BT’s Board of Directors’ proposal to distribute the profit for 2024 by granting a gross dividend amounting to RON 1.73/share and to increase the share capital by RON 1.7 billion by issuing 173 million shares. BT will grant to the shareholders dividends amounting to RON 1.6 billion, with a yield of around 6%.

Other financial details:

. The cost-to-income ratio recorded a level of 47.42% in the first quarter, considering an annualized impact of the contribution to the Bank Deposits Guarantee Fund and to the Resolution Fund.

. The gross loans-to-deposits ratio reached 61.76%, +4.6 pp (percentage points) compared with 31 December 2024.

. The bank’s net interest income is +15.9% higher, when compared with Q1/2024.

. Backed by the growth of the BT’s business, net fee and commission income posted a 9.7% increase vs Q1/2024.

. The NPL ratio is 2.52% as of 31 March 2025.

. The capital adequacy ratio, as of 31 March 2025, is 19.76% at individual level.

Evolution of the main business lines

. Banca Transilvania has reached 7.4 million cards in its portfolio and the number of card purchases is +19% compared to the same period last year. BT Group launched three cards in the first part of the year: BT Visa Platinum Debit for Premium Banking customers, BT Visa UNTOLD in physical format and the Dedeman Direct Card for BT Direct customers.

. Nearly 5,400 people bought a house with a loan obtained from BT in the first three months of the year, new production thus reaching ~RON 1.6 billion during this quarter. The balance of mortgage loans amounts to RON 24.5 billion at BT Group level, +1.9% compared with 31 March 2024 (not including OTP), having a 24% share in the total loan portfolio.

. BT reached 150,000 Premium Banking customers and almost 6,000 Private Banking customers. At the end of the first quarter of 2025, the Private Banking customers’ assets managed by the bank exceeded the EUR 3 billion threshold, +12% compared with 31 December 2024. Almost half of these assets are the assets of Private Banking clients in Bucharest.

. The balance of loans granted to corporate clients, at BT level, amounted to around RON 58.6 billion, +12% compared with 31 December 2024 (including OTP).

. RON 7.4 billion represents the new production of loans granted to companies in the first quarter of the year, + 9% compared with the same period of last year.