04.06.2016

Romanian dairy producer Unilact Transilvania reported an over 16% turnover growth in 2015, to RON14 million (EUR3.15 million), and targets a 20% increase this year. more

03.15.2016

Banca Transilvania, the third leading lender in Romania, took the market by surprise on Monday when it announced a new acquisition merely one year from the takeover of Volksbank Romania. more

02.15.2016

Romanian lender Banca Transilvania (TLV.RO) reported a net profit of RON2.42 billion (EUR544 million) last year, fivefold and a half higher than in 2014, including the gain from the acquisition of more

01.04.2016

Romanian lender Banca Transilvania (TLV.RO) on Monday said it completed the merger with Volksbank Romania, adding that 10% of its 2.2 million clients and 400 of the 7,300 employees come from the more

12.22.2015

Romanian lender Banca Transilvania has received financing of EUR75 million from the European Investment Bank (EIB), the second tranche of a loan of EUR150 million, which will be used to finance more

12.16.2015

Several shareholders of Romanian regional investment fund SIF Transilvania, which own a total 8.09% of the fund’s shares, called for changes in the fund’s management structure and the revision of more

11.19.2015

Romanian real estate developer Impact Developer&Contractor (IMP.RO) will borrow RON22.3 million (EUR5 million) from Banca Transilvania (TLV.RO), to develop real estate project Cartierul Salcamilor in more

11.13.2015

The European Bank for Reconstruction and Development (EBRD) sold Friday 86.76 million shares in Romanian lender Banca Transilvania (TLV.RO), in an accelerated bookbuild placement on the Bucharest more

11.10.2015

Romanian lender Banca Transilvania (TLV.RO) on Tuesday said its assets rose 10.6% to RON39.39 billion, after the integration of Volksbank, and its pretax profit inched down 0.6% to RON373.5 million on more

10.13.2015

Significant shareholders of Banca Transilvania (TLV.RO), such as regional investment fund SIF Moldova (SIF2.RO), Roberto Marco Marzanati, Radu Palagheanu and Horia Ciorcila, the bank chairman, have more

10.05.2015

Romanian regional investment fund SIF Transilvania (SIF3.RO) resumed interested in buying state-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) with the condition of taking over refinery Arpechim more

10.05.2015

The integration of Volksbank into Banca Transilvania (TLV.RO) has reached the IT platform integration testing and simulation phase, and those in charge of the transition are preparing for the final more

09.17.2015

Romanian lender Banca Transilvania (TLV.RO) will start Thursday a new buyback program targeting the acquisition of 10 million own shares for maximum 3 lei/unit until mid-December. more

09.14.2015

Banca Transilvania (TLV.RO), the third largest lender in Romania, expects net loan volume to rise by 42% to 25 billion lei (EUR5.6 billion) this year, following the merger with Volksbank Romania. more

09.03.2015

The merger between Romanian lender Banca Transilvania (TLV.RO) and Volksbank Romania (VB.RO) will be made through absorption, while Banca Transilvania’s share capital will not be changed and the more

08.31.2015

Romanian lender Banca Transilvania (TLV.RO) has received central bank approval to merge and absorb Volksbank Romania on December 31, 2015, the bank said Monday. more

08.10.2015

Romanian lender Banca Transilvania (TLV.RO) Monday posted a net profit of 190.2 million lei (EUR43 million) for the first half of the year, up 5.1% from the same period of 2014. more

07.24.2015

Romanian lender Banca Transilvania (TLV.RO) has completed an increase in share capital by 417.38 million lei, from RON2.608 billion to RON3.03 billion, by issuing 417.38 million new shares distributed more

07.20.2015

Romanian lender Banca Transilvania has revised upward its forecast on the country’s economic growth to 4.6%, from 4.1% previously, and expects the unemployment rate to stagnate this year and more

06.19.2015

Western Union Company, MasterCard and Banca Transilvania closed a deal that will enable remittances originated from nearly anywhere across the globe to be received on Maestro and MasterCard consumer more

06.18.2015

Banks and clients need to remember the lessons learned during the crisis but shouldn't go forward always looking in the rearview mirror, as the crisis has ended and entrepreneurs are starting to trust more

06.18.2015

Horia Ciorcila, president of Banca Transilvania (TLV.RO) and the main individual shareholder, sold Wednesday a stake of 23 million Banca Transilvania shares worth approximately EUR11 million. more

06.09.2015

The main challenge of Banca Transilvania is keeping costs under control, given the takeover of Volksbank, Omer Tetik, Banca Transilvania president, told ZF Bankers Summit ’15. more

06.04.2015

Fitch Ratings has upgraded the rating of Romanian lender Banca Transilvania (TLV.RO) to 'BB' from 'BB-', while affirming the ratings of UniCredit Tiriac Bank, ProCredit Bank Romania and Garanti Bank, more

05.04.2015

The board of directors of Sigma Hotel Management dismissed general manager Bruno Negoita in March because he breached his mandate contract by hiring people and signing services contracts without board more