05.09.2014

Romanian regional investment fund SIF Transilvania (SIF3.RO) has swung to a first-quarter loss as the fund’s revenues tumbled, hit by lower asset sales. more

05.09.2014

The International Finance Corporation, the private sector arm of the World Bank Group, will provide a $40 million subordinated loan to Romanian lender Banca Transilvania (TLV.RO) to strengthen the more

04.30.2014

Romanian lender Banca Transilvania (TLV.RO) Wednesday reported a first quarter net-profit of 103.4 million lei (EUR23.3 million), up 22.6% on the year, as the higher operating income offset an more

04.29.2014

The shareholders of Romanian lender Banca Transilvania (TLV.RO) on Tuesday re-elected Horia Ciorcila for a new four-year term as chairman of the board, the bank said in a statement. more

04.28.2014

Shareholders of Romania’s regional investment fund SIF Transilvania (SIF3.RO) approved the doubling of the fund’s share capital from RON109.2 million to RON218.4 million, by capitalizing RON109.2 more

04.22.2014

Romanian regional investment fund SIF Muntenia (SIF4.RO) bought a 4.07% stake in local lender Banca Transilvania (TLV.RO) last Friday from Bank of Cyprus, for which it paid 150.3 million lei (EUR33.69 more

04.18.2014

Bank of Cyprus, the battered Cypriot bank, sold its almost 10% stake in Romanian lender Banca Transilvania (TLV.RO) for 368.1 million lei (EUR82.5 million) on the Bucharest stock exchange Friday. more

04.17.2014

Regional investment fund SIF Transilvania (SIF3.RO) plans to sell, by secondary public offering, its 56.72% stake in construction materials producer COMCM Constanta (CMCM.RO) for 33.56 million lei more

04.01.2014

Romanian lender Banca Transilvania (TLV.RO) estimates its pretax profit will rise 16% to 512 million lei (EUR114.7 million) in 2014, helped by a 7% increase in operating income and a slowdown in cost more

03.31.2014

Romania’s regional investment fund SIF Transilvania (SIF3.RO) estimates its net profit will fall to 50.8 million lei (EUR11.1 million) in 2014, from RON189.6 million a year earlier, on lower sales more

03.26.2014

Romanian lender Banca Transilvania (TLV.RO) on Wednesday proposed increasing its share capital by 352.7 million lei (EUR78.9 million) to RON2.55 billion by incorporating part of the bank’s reserves. more

02.28.2014

The management of Romanian regional investment fund SIF Transilvania (SIF3.RO) proposes that last year’s profit of 189.6 million (EUR43 million), should be used to double share capital, to more

02.25.2014

Romanian lender Banca Transilvania (TLV.RO) targets this year a 10% increase in both the number of clients and the value of managed assets for its private banking division, the bank said in a more

02.14.2014

Romanian regional investment fund SIF Transilvania (SIF3.RO) Friday said its revenues rose 15% to 370 million lei (EUR83.9 million) in 2013, from RON320.4 million in 2012. more

02.13.2014

Romanian construction company Transilvania Constructii Cluj-Napoca (COTR.RO) Thursday said its turnover fell 18% on the year to 29.1 million lei (EUR6.6 million) in 2013, from RON35.5 million in 2012. more

02.13.2014

Romanian lender Banca Transilvania (TLV.RO) Thursday said its net profit rose 17% to 374.9 million lei (EUR83.7 million) in 2013, on higher revenue from lending. more

01.16.2014

Andrei Iancu Timofte, general manager of Romanian constructor Transilvania Constructii (COTR.RO), launches a takeover offer for the 18.77% stake it does not own in the company, valued at 11.71 million more

12.20.2013

Insolvent office compound Swan Office & Technlology Park located in Pipera-Tunari will be auctioned off at a starting price of EUR42.7 million. more

12.09.2013

Financial group Banca Transilvania holds 11.91% in Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO), controlled by businessman Constantin Boromiz. more

11.26.2013

Romanian canned meat producer Scandia Food has borrowed EUR22 million from local lender Banca Transilvania (TLV.RO) to upgrade equipment and finance new investment, the company said Tuesday. more

11.18.2013

Romanian lender Banca Transilvania (TLV.RO) plans to repurchase 0.04% of its shares, as part of a three-year buyback program aimed to motivate employees, the bank said in a statement Monday. more

11.15.2013

Andrei Iancu Timofte Thursday bought about 49.62% of Romanian constructor Transilvania Constructii (COTR.RO) from regional investment fund SIF Crisana-Banat (SIF1.RO), for 29.1 million lei (EUR6.5 more

11.14.2013

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) on Thursday sold a 49.6% stake in construction company Transilvania Constructii (COTR.RO) for 29.1 million lei (EUR6.5 million), the fund more

11.07.2013

The European Investment Fund and Romanian bank Banca Transilvania (TLV.RO) have signed a EUR21 million financing agreement under the European Progress Microfinance Facility for on-lending to small and more

11.04.2013

Banca Transilvania (TLV.RO), the Romanian bank that has gained around 2.5% of market share since the beginning of the crisis, has no skeletons in its closet, says Omer Tetik, the bank’s CEO. He more