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Romania's Banca Transilvania Group nears EUR 1 bln net profit following OTP Bank acquisition
Banca Transilvania (BVB: TLV), the biggest financial group in Romania, recorded substantial growth in 2024 through both organic expansion and the strategic acquisition of Hungarian group OTP’s subsidiaries in Romania.
Andrei Chirileasa · Journalist
· Updated · 3 min read
Banca Transilvania (BVB: TLV), the biggest financial group in Romania, recorded substantial growth in 2024 through both organic expansion and the strategic acquisition of Hungarian group OTP’s subsidiaries in Romania.
At the end of 2024, Banca Transilvania Financial Group reported total assets of RON 207 billion (EUR 41.6 bln), reflecting a 22.4% increase compared to the previous year. The acquisition of OTP Bank Romania contributed 9.6 percentage points to this growth.
