04.10.2012

A shareholder of Romanian lender Banca Transilvania (TLV.RO) Tuesday proposed the bank launch a buy-back program for a stake of up to 0.84%, valued at 16.8 million lei (EUR3.8 million). more

03.29.2012

Romanian lender Banca Transilvania (TLV.RO) on Thursday said it expects a 20% year-on-year increase in pretax profit, to 334.7 million lei (EUR76.4 million) in 2012 from RON278.2 million a year more

03.26.2012

Romanian regional investment fund SIF Transilvania (SIF3.RO) estimates its net profit will fall to 89 million lei (EUR20.3 million) in 2012, from a record RON207.7 million a year earlier, according to more

03.22.2012

Romanian lender Banca Transilvania (TLV.RO) Thursday proposed increasing its share capital by 129.38 million lei (EUR29.57) to RON1.9 billion and launching a EUR30 million convertible bond, the bank more

03.20.2012

Romanian lender Banca Transilvania (TLV.RO) and the European Investment Fund have signed a EUR7.5 million loan agreement aimed at supporting micro-enterprises and self-employed entrepreneurs in more

03.02.2012

Management at regional investment fund SIF Transilvania (SIF3.RO) proposes a gross dividend of 0.1712 lei (EUR0.039) per share from 2011 profits, compared to RON0.03 the RON0.03 dividend paid in the more

02.17.2012

The Romanian banking system, which consists of 41 banks, took a tentative step forward in 2011, managing to increase its assets by 3.5% and cut its aggregated loss from 516 million lei (EUR118.6 more

02.16.2012

Romanian lender Banca Transilvania (TLV.RO) and five of its units Wednesday and Thursday sold a total stake of 4% in regional investment fund SIF Banat-Crisana (SIF1.RO) for around 30 million lei more

02.15.2012

Romanian construction company Transilvania Constructii (COTR.RO) Wednesday said its net profit rose over fivefold on the year to 1.7 million lei () in 2011, boosted by a 21% increase in sales. more

02.15.2012

Regional investment fund SIF Transilvania (SIF3.RO) on Wednesday announced that its revenue nearly tripled in 2011, to RON325.88 million, after selling its stake in lender BCR to Austrian Erste Group more

02.01.2012

Romanian lender Banca Transilvania (TLV.RO) Wednesday reported a preliminary net profit of 131.9 million lei (EUR31 million) for 2011, up 35% on the year, as provisioning costs fell, while net more

01.30.2012

Banca Transilvania (TLV.RO) has bought back 1.3 million of its own shares since the beginning of the year, paying 1.17 million lei (EUR272,000). The shares will be paid to employees and managers as more

01.20.2012

As soon as Romanian lender Banca Transilvania (TLV.RO) announced the resignation of its chief executive officer, the question on everybody’s lips was: why did Robert Rekkers leave? more

01.20.2012

Romanian lender Banca Transilvania (TLV.RO) Friday announced the resignation of its chief executive officer Robert Rekkers and his temporary replacement with board member Peter Franklin. more

12.22.2011

Romanian lender Banca Transilvania (TLV.RO) plans to buy back 0.67% of its shares in the first half of 2012, for an estimated 10.32 million lei (EUR2.4 million), under an employee loyalty program. more

12.12.2011

Regional investment fund SIF Transilvania (SIF3.RO) transferred the entire 6% stake it held in Romanian lender BCR to Austria's Erste Group Bank (EBS.RO), and received a 1% stake in the Austrian bank, more

11.15.2011

Regional investment fund SIF Transilvania (SIF3.RO) on Monday signed a deal to sell to Austrian Erste Group Bank (EBS.RO) the 6% stake it owns in lender Banca Comerciala Romana, or BCR, under terms more

11.14.2011

Romanian construction firm Transilvania Constructii (COTR.RO) Monday reported a net profit of 1.3 million lei (EUR323,000) for the first nine months, compared to RON49,000 in the same interval of more

10.31.2011

Romanian regional investment fund SIF Transilvania (SIF3.RO) Monday approved selling its 6% stake in bank Banca Comerciala Romana (BCR) to Austrian Erste Group Bank AG (EBS.RO), people familiar with more

10.27.2011

Lender Banca Transilvania (TLV.RO) on Thursday reported a net profit of 106.9 million lei (EUR25.4 million) for the first nine months of the year, up 53% from RON69.7 million in the same interval of more

10.25.2011

Romanian banks Banca Comerciala Romana (BCR) and Banca Transilvania (TLV.RO) could agree to a debt-to-equity swap at chemical company Oltchim SA (OLT.RO), the Economy Ministry said Tuesday. more

10.19.2011

Romanian lender Banca Transilvania (TLV.RO) has earmarked large amounts for investment in IT&C, but it has not managed to achieve its goal of replacing paper, Tiberiu Moisa, the bank's executive more

10.14.2011

Romanian state-owned hydropower producer Hidroelectrica took out a credit line worth 120 million lei (EUR27.75 million) from Banca Transilvania (TLV.RO) to fund working capital, the Economy Ministry, more

10.14.2011

The three Romanian banks listed on the Bucharest Stock Exchange were hit hard by the euro zone sovereign debt crisis, losing over 2 billion lei (EUR460 million) of their market value in the last two more

09.29.2011

Romanian lender Banca Transilvania (TLV.RO) plans to buy back 0.11% of its shares in a program aimed to motivate employees, the bank said in a statement Thursday. more