Banca Transilvania reported a 26.8% year-over-year increase in consolidated net profit to RON 2.497 billion for the first half of 2026, despite operating amid a challenging macroeconomic environment in Romania.
The lender's net interest income rose 6.3% to RON 4.16 billion, while net fee and commission income climbed 18.0% to RON 936.4 million. Pre-provision operating profit increased 25.0% to RON 3.51 billion, supported by a 2.97 percentage point improvement in the cost-to-income ratio to 45.01%. Earnings per share advanced 24.2% to RON 1.9389.
Net gains from financial assets surged 134.4% to RON 225 million, and net trading income rose 24.8% to RON 660 million. The bank's net interest margin declined slightly to 3.88% from 3.95% a year earlier, though it remains above the 2.54% level recorded in 2021.
Total consolidated assets grew 4.0% to RON 233.3 billion by June 2026, with gross loans expanding 8.3% to RON 122.8 billion. Customer deposits increased 2.3% to RON 179.3 billion, while the loan-to-deposit ratio rose to 68.50% from 64.68% at year-end 2025.
Regulatory capital ratios remained robust, with a common equity tier 1 ratio of 17.26%, a tier 1 ratio of 19.53%, and a total capital adequacy ratio of 21.16%. The bank issued EUR 1 billion in senior non-preferred notes in April 2026 and maintained a 316 basis point buffer above the maximum distributable amount restriction.
Digital adoption continued to accelerate, with BT Pay mobile payments up 24% year-over-year and fund transfers rising 26%. The BT Go corporate platform processed 61.1 million transactions totaling RON 704 billion, with 70% of transactions and 52% of volume conducted via mobile app. Active retail clients reached 4.6 million, while corporate clients numbered 600,000.
Asset quality remained stable, with an NPL ratio of 2.41% at the individual bank level, unchanged from year-end 2025. The NPL coverage ratio stood at 185%.
Subsidiaries contributed 23.58% of consolidated net profit, with BT Asset Management's assets under management exceeding RON 12 billion, representing approximately 40% market share among new investors. Microinvest secured EUR 20 million in new financing and grew its loan portfolio 17% to RON 2.3 billion.
Romania's real GDP contracted 0.4% year-over-year in Q2 2026, while inflation eased to 8.2% in July 2026 from over 14% in mid-2023. The National Bank of Romania's policy rate has risen from 1.75% in 2021 to 6.50% in H1 2026.
