BANCA TRANSILVANIA S.A. Fitch Ratings reaffirms its long-term rating on Banca Transilvania at 'BB+' with a stable outlook and its viability rating (VR) at 'bb+' with the following mentions:
- BT is a robust bank with solid capitalisation, underpinned by a sustained internal capacity to generate capital and having a healthy funding profile;
- The bank's asset quality is underpinned by a prudent risk policy and a diversified loan portfolio;
- Banca Transilvania's profitability in 2022 was solid, underpinned by growing revenues and efficient cost management.
The solid supply with provisions and a reduced concentration risk are the premises of Banca Transilvania for mitigating the effects of possible pressures on asset quality, in the current economic context.
More details:
- Fitch Affirms Banca Transilvania at 'BB+'. Outlook Stable
- BT financial results as at 30 September 2022
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Banca Transilvania SA published this content on 16 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2022 16:22:00 UTC.
