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Cluj-Napoca, 8 G
BANCA TRANSILVANIA S.A. Romanian joint-stock company registered under no. J12/4155/16.12.1993 Central headquarters: Cluj-Napoca, 8 G. Baritiu Street, Romania PROSPECTUS FOR THE OFFERING OF 50,000,000 SUBORDINATED UNSECURED CONVERTIBLE BONDS OF 2013, DUE 2020 each with a face value of EUR 0.60 and a floating annual interest rate based on EURIBOR 6 month + a spread set at 6.25% convertible into shares of Banca Transilvania S.A. Period of the Offer: 09.04.2013-08.05.2013; 09.05.2013-21.05.2013 Approved by CNVM by decision no. 304 of 04.04.2013 Lead Manager, Distribution Agent and Paying Agent The approval affixed to this public offering Prospectus does not represent a guarantee or imply any other form of assessment by the National Securities Commission of the transaction merits, advantages, disadvantages, profit or risks involved by the acceptance of the offering. The approval decision certifies only the compliance of the Prospectus with the law and norms adopted for the enforcement thereof. 1 NOTE TO INVESTORS This Prospectus includes information related to the offering of 50,000,000 subordinated unsecured convertible Bonds of 2013, due 2020 in the aggregate principal amount of Euro 30,000,000 issued by Banca Transilvania S.A. and intermediated by BT Securities S.A.. The information contained in this Prospectus has been released by the Issuer or derives from public sources, as indicated herein. The Broker conducted no independent verification, nor gave its own interpretation to this data, and it can offer no express or implicit warranty regarding the correctness and completeness of this information provided by the Bank; nothing contained in this Prospectus shall be construed as the Broker’s recommendation to invest or as an educated opinion with regard to the Issuer’s situation. -
Kpmg for Gsm.Pdf
WHO we are The wider community Our values We do what is right INTEGRITY REVENUES BY FUNCTION A business should be about more than making profits. It should also be a positive 39.1 mil force within the community, contributing to the well-being of society as a whole. For We never stop learning and improving EXCELLENCE KPMG, supporting our community is at the heart of our values and is fundamental to the 28% 30% 48% way we do business. We encourage our employees to participate in corporate social Advisory Tax Audit responsibility activities. KPMG firms have We think and act boldly COURAGE We respect each other partnered with numerous international development agencies and non-governmental organizations to pioneer a model of professional cooperation. TOGETHER We draw strength from our differences 850 Win-green situations We do what matters For Better Employees KPMG is committed to integrating environmental best practice into all of our business activities. We take our Offices in environmental responsibility seriously, and, 19 through a program of continous Romania improvement throughout all our operations, Partners we are working hard to reduce our impact on the environment. KPMG in Romania has implemented an Environmental Policy since 2008 and we obtained the ISO 14001 certification in 2009, demonstrating that KPMG in Romania meets the requirements for an Environmental Management System (EMS).And we didn`t stop here. To find out more about our actions, including volunteering, tree planting, donations, education and much more, please visit our -
Retail Activity Specific Features in Bucharest
Annales Universitatis Apulensis Series Oeconomica, 22(2), 2020, 146-157 ________________________________________________________________________________ RESPONSIBLE BANKING PRACTICES DURING THE COVID-19 PANDEMIC: FINDINGS FROM ROMANIA Claudia Gabriela BAICU1 ORCID: 0000-0002-1423-6108 Iuliana Petronela GÂRDAN2 ORCID: 0000-0003-2757-1308 Daniel Adrian GÂRDAN3 ORCID: 0000-0003-2569-6801 Daniel Constantin JIROVEANU4 ORCID: 0000-0002-7272-7183 Abstract: The COVID-19 pandemic hugely impacts the economies and people lives all over the world. Nevertheless, unlike the 2007-2009 global financial crisis that implied the use of taxpayers' money to rescue banks in many countries, these time, banks are called to participate in the efforts to mitigate the COVID-19 impact and to contribute to the economic recovery. Against this background, the paper investigates the responsible practices adopted by banks to alleviate the negative effects of the pandemic both on their clients and employees, but also on community, with focus on the Romanian banking system. The findings of our paper are based on literature review and the investigation of the web-sites of the most important banks in Romania. The annual reports issued by the National Bank of Romania and the Romanian legislative initiatives adopted in the pandemic context were also examined. Similar to banks in many countries, banks in Romania have adopted several measures as response to the coronavirus pandemic that include: diminishing use of cash, by encouraging digital channels; lower financing costs; involving in the “IMM Invest Romania” Programme to support small and medium-sized enterprises; flexibility in terms of the payment of loan installments; support provided to community in order to combat the coronavirus spread. -
O-SII Notification
Notification template for Article 131 CRD – Other Systemically Important Institutions (O-SII) Please send this template to • [email protected] when notifying the ESRB; • [email protected] when notifying the ECB; • [email protected] when notifying the EBA. Emailing this template to the above-mentioned addresses constitutes an official notification, no further official letter is required. In order to facilitate the work of the notified authorities, please send the notification template in a format that allows electronically copying the information. 1. Notifying national authority 1.1 Name of the notifying National Committee for Macroprudential Oversight authority 2. Description of the measure Based on data available as of 31 March 2017, 9 credit institutions Romanian legal entities obtained a score higher than the threshold set for automatic designation of systemically important institutions (275 basis points). The re-evaluation based on June 2017 available data generated the same results. The name and LEI code of the systemically important institutions identified in Romania are provided below. Banca Comercială Română S.A. – LEI code 549300ORLU6LN5YD8X90 BRD - Groupe Societe Generale S.A. – LEI code 5493008QRHH0XCLJ4238 2.1 Concerned institution UniCredit Bank S.A. – LEI code 5493003BDYD5VPGUQS04 or group of institutions Raiffeisen Bank S.A. – LEI code 549300RFKNCOX56F8591 Banca Transilvania S.A. – LEI code 549300RG3H390KEL8896 Alpha Bank România S.A. – LEI code 529900TKT32Z5LP7XF90 CEC Bank S.A. – LEI code 2138008AVF4W7FMW8W87 Bancpost S.A. – LEI code 549300GM6AMB2XDWNC96 Garanti Bank S.A. – LEI code 549300UZRCTIM0HREY46 An O-SII buffer applicable in 2018 is set for the systemically important institutions which are Romanian legal entities. -
CE Banking Outlook Winning in the Digital Arms Race October 2016 Contents
CE Banking Outlook Winning in the Digital Arms Race October 2016 www.deloitte.com\cebankingoutlook Contents Foreword Index of Banks Covered by Digital Maturity Executive Summary Analysis Banking Outlook Contacts in Central Europe Bulgaria Croatia The Czech Republic Hungary Poland Romania Slovakia Slovenia Foreword Although the performance of the banking sector in Central (1.3-1.5 percentage points above the eurozone). This relatively Foreword Europe (CE) is shifting up a gear as lending growth accelerates healthy economy has led a faster recovery of loan growth in CE to Executive and asset quality improves, profitability is still well below 3.4% y/y in 2015 (3 p.p. above Euro area) and should allow a further Summary pre-crisis levels. With low interest rates driving margin pick up to 5.0% y/y in 2018. Banking compression and a rising regulatory burden, banks need to Outlook improve operating efficiency. Asset quality has also been improving, with the non-performing loan Banks covered (NPL) ratio in CE down from a peak of 11.0% in 2013 to 8.8% in 2015 by Digital Maturity The digital maturity of banks in CE countries varies greatly but and is expected to fall to a level of 7.0% in 2018. As the region’s digitalization is a strategic priority for all. It can not only provide a key recovery progresses, the disparities between the leading countries in Contacts avenue for banks to reduce their cost to serve, it is also an imperative the north (Poland, the Czech Republic and Slovakia) and those in the that enables them to keep pace with the expectations of customers south (Hungary, Romania, Bulgaria, Croatia and Slovenia) are who are increasingly online and mobile. -
SME BANKING 2018 CENTRAL & EASTERN EUROPE Foreword
SME BANKING 2018 CENTRAL & EASTERN EUROPE Foreword This is the second issue of the CEE SME It is not our intention to present a perfect Banking Report. The report is structured picture with this report, but we are sure that around Central and Eastern Europe with a we can achieve a clearer perspective on the detailed regional analysis of the following state of development in the SME banking countries: Bulgaria, Hungary, Poland, Romania, segment and its potential by working together. and Serbia. In the end, this will contribute to improving the efficiency of business management and the quality of managerial decisions by top managers of financial organizations, as well as When preparing the report, data from state generate greater interest in the segment from statistical services, central banks, annual both existing and new players. bank reports and other public sources of information were used. The data was current as of January 1, 2018; where information was Knowledge is power, and we will have achieved our goal if this unavailable as of that date, the latest available data on the bank information gives you more significant insights into your daily work was used. and strategic plans. This report includes a series of annual reviews of regional markets, If you have any suggestions or proposals, allowing you to familiarize yourself with the situation in other feel free to send them to [email protected]. markets, in particular the СEE countries. Yours sincerely, SME Banking Club team CEE SME Banking Report 2018 2 SME Banking Club CEE SME -
ON the PATH of RECOVERY TOP 100 COMPANIES > PAGE 6
CROATIA, KOSOVO, MACEDONIA, MOLDOVA, MOLDOVA, MACEDONIA, KOSOVO, CROATIA, MONTENEGRO, ROMANIA, SERBIA, SLOVENIA ALBANIA, BOSNIA AND HERZEGOVINA, BULGARIA, BULGARIA, ALBANIA, BOSNIA AND HERZEGOVINA, ON THE PATH ROMANIA’S BCR SHINES NO QUICK RECOVERY FOR OF RECOVERY AGAIN IN TOP 100 BANKS SEE INSURERS IN 2011 RANKING TOP 100 COMPANIES TOP 100 BANKS TOP 100 INSURERS > PAGE 6 > PAGE 22 > PAGE 30 interviews, analyses, features and expert commentsperspective for to anthe additional SEE market real-time coverage of business and financial news from SEE investment intelligence in key industries Real-time solutions for your business in Southeastast Europe The business news and analyses of SeeNews are also available on your Bloomberg and Thomson Reuters terminals. wire.seenews.com editorial This fi fth annual edition of SeeNews TOP 100 SEE has tried to build on the previous issues by off ering even richer content, more features, analyses and a variety of views on the economy of Southeast Europe (SEE) and the region’s major companies. We have prepared an entirely new ranking called TOP 100 listed companies, part of the TOP listed companies section, giving its rationale along with a feature story on the stock exchanges in the region. For the fi rst time we have included research on Turkey and Greece, setting the scene for companies from the two countries to enter the TOP 100 rankings in the future. The scope has been broadened with a chapter dedicated to culture and the leisure industry, called SEE colours, which brings the region into the wider context of united Europe. One of the highlights of the 2012 edition is a feature writ- ten by the President of the European Bank for Reconstruc- tion and Development, Sir Suma Chakrabarti. -
Consolidated Directors' Report
SWIFT: BTRLRO22 C. U. I. RO 50 22 670 R.B. - P.J.R. - 12 - 019 - 18.02.1999 No. Înreg. Reg. Com.: J12 / 4155 / 1993 CONSOLIDATED DIRECTORS’ REPORT for the nine month period ended 30 September 2020 In compliance with ASF Regulation no. 5/2018 1 Identification Details of the Issuer Report date: November 13, 2020 Name of the company: BANCA TRANSILVANIA S.A. Registered office: no.8 G.Baritiu str., Cluj-Napoca, jud. Cluj, postal code 400027 Phone/fax: 0264.407.150; 0264.407.179 Tax identification no: RO 5022670 Trade Register no: J12/4155/16.12.1993 Registered capital, subscribed and paid: RON 5,737,699,649 The regulated market where the issued securities are traded: The company’s shares are listed on the Bucharest Stock Exchange (symbol: TLV) Main features of the securities issued by the company: 5,737,699,649 nominal shares with a par value of RON 1/share. Banca Transilvania’s Financial Group Presentation Transilvania Bank Group („the Group” or „BT Group”) was established in 2003 with Banca Transilvania („the Bank” or „BT”) as the main subsidiary. Besides Banca Transilvania, BT Group has the following subsidiaries: Victoriabank S.A., BT Capital Partners S.A., BT Leasing Transilvania IFN S.A., BT Investments S.R.L., BT Direct IFN S.A., BT Building S.R.L., BT Asset Management SAI S.A., BT Solution Agent de Asigurare S.R.L., BT Asiom Agent de Asigurare S.R.L., BT Safe Agent de Asigurare S.R.L., BT Intermedieri Agent de Asigurare S.R.L., BT Leasing Moldova(MD) S.R.L., BT Microfinanțare IFN S.A., Improvement Credit Collection S.R.L., Timesafe S.R.L, Sinteza S.A. -
Registru Persoane Juridice
INTERMEDIARI DE CREDITE - PERSOANE JURIDICE STATUL MEMBRU IN CARE Nume conducere / persoane INTERMEDIARUL DE Nr. Crt Denumire Tip intermediar de credite legat/nelegat Creditorul/intermediarul in numele caruia actioneaza responsabile cu activitatea de CREDITE ISI DESFASOARA intermediere credite ACTIVITATEA SC A&A CONSULTANTA FISCALA SI Reprezentant desemnat Ion Angelina Gabriela administrator FINANCIARA SRL 1 RAIFFEISEN BANK SA ROMANIA 2 SC ABISOFT SRL Intermediar de credite nelegat Antoche Florin administrator ROMANIA BCR;UNICREDIT BANK;OTP BANK;PATRIA BANK;LIBRA BANK;ALIOR BANK;BRD;ING BANK;BANCA 3 TRANSILVANIA;BANCA ROMANEASCA;GARANTI SC ADWISERS PROFESSIONAL CONSULTING BANK;ALPHA BANK;ADWISERS IFN;CREDIT AGRICOLE Alexandru Rodica Irina, administrator SRL Intermediar de credite nelegat ROMANIA Ioniță Oana Roxana ROMANIA 4 SC ADO ADVISOR FINANCE SRL Intermediar de credite legat OTP ADVISORS SRL Oprea Adrian administrator ROMANIA 5 SC ADD FINANCIAL ADVISRS SRL Intermediar de credite nelegat SUD REZIDENTIAL BROKER SRL Dincă Alina Georgiana administrator ROMANIA 6 SC ADFIN PROCONS SRL Reprezentant desemnat SC ADWISERS PROFESIONAL CONSULTING SRL Găman Adriana administrator ROMANIA 7 SC ADRIANA LABES REAL ESTATE SRL Intermediar de credite nelegat SUD REZIDENTIAL BROKER SRL Labes Adriana administrator ROMANIA 8 Georgescu Creangă Andriana administrator SC ANDRIANA FINANCE SRL Intermediar de credite nelegat ALLIANCE FINANCE BROKER Crăciun- Busuioc Vasilica ROMANIA 9 SC ANDISTAR CREDIT SRL Intermediar de credite nelegat RAIFFEISEN BANK SA Perescu -
The Competition Council Has Closed the Investigation on Banking and Interbank Services Market
The Competition Council has closed the investigation on banking and interbank services market The Competition Council has closed the investigation on a possible agreement among companies active on bank and interbank services market in Romania. During the investigation, in the context of malfunction of money market, there was analyzed, mainly, the banks’ behavior in setting ROBID/ROBOR money market indexes during October-November 2008. The banks investigated were the following: Romanian Commercial Bank SA, BRD-Groupe Societe Generale SA, CEC Bank SA, UniCredit Tiriac Bank SA, Transilvania Bank SA, Raiffeisen Bank SA, ING Bank NV Bucharest Branch, Eximbank Romania SA, RBS Bank (Romania) SA, Bancpost. Given the importance of ROBID/ROBOR indexes at the level of financial products (deposits, loans), the competition authority pays a special attention to their setting mechanism from the perspective of compliance with competition rules. In this context, the Competition Council notes that the exchange of confidential commercial information among competitors may represent infringement of the Competition Law. We remind that during the investigation, the competition authority applied two procedural sanctions to BRD- Groupe Societe Generale SA and Raiffeisen Bank SA (Ron 14 million) for refusal the dawn raids and for submission of inaccurate information. The two banks have challenged in court the fines imposed by Competition Council. In Raiffeisen case, the Bucharest Court by final judgment found that the bank did not provide the information requested and reduced the fine from 0.7% to 0.4% out of the bank’s turnover. In the BRD case, the litigation is ongoing. April 2013 Press Office Tel: 0372.129.710, 021.405.44.29 ; E-mail: [email protected] . -
Winter in Prague Tuesday 5 December to Friday 8 December 2017
emerging europe conference Winter in Prague Tuesday 5 December to Friday 8 December 2017 Our 2017 event held over 4 informative and jam-packed days, will continue the success of the previous five years and host almost 3,000 investor meetings, with over 160 companies representing 17 countries, covering multiple sectors. For more information please contact your WOOD sales representative: WOOD & Company Save Warsaw +48 222 22 1530 the Date! Prague +420 222 096 452 conferences 2017 London +44 20 3530 0611 [email protected] Participating companies in 2016 - by country Participating companies in 2016 - by sector Austria Hungary Romania Turkey Consumer Financials Healthcare TMT Atrium ANY Banca Transilvania Anadolu Efes Aegean Airlines Alior Bank Georgia Healthcare Group Asseco Poland AT&S Budapest Stock Exchange Bucharest Stock Exchange Arcelik AmRest Alpha Bank Krka AT&S CA Immobilien Magyar Telekom Conpet Bizim Toptan Anadolu Efes Athex Group (Hellenic Exchanges) Lokman Hekim CME Conwert MOL Group Electrica Cimsa Arcelik Banca Transilvania Cyfrowy Polsat S.A. Erste Bank OTP Bank Fondul Proprietatea Coca-Cola Icecek Astarta Bank Millennium Industrials Luxoft Immofinanz Wizz Air Hidroelectrica Dogan Holding Atlantic Grupa BGEO Aeroflot Magyar Telekom PORR Nuclearelectrica Dogus Otomotiv Bizim Toptan Bank Zachodni WBK Cimsa O2 Czech Republic RHI Kazakhstan OMV Petrom Ford Otosan CCC Bucharest Stock Exchange Ciech Orange Polska Uniqa Insurance Group Steppe Cement Romgaz Garanti Coca-Cola Icecek Budapest Stock Exchange Dogus Otomotiv OTE Vienna -
2018 Annual Report
ROMANIA GROWS WITH US! 2018 ANNUAL REPORT ROMANIA GROWS WITH US! PRESIDENT’S MESSAGE Every year, EximBank has evolved to become an increasingly better version of itself. Is EximBank currently has 25 representation points, compared to 12 at the end of 2012. We has adapted, has improved, has learned, has changed style, mentalities and perceptions. thus manage to cover the most important economic centers in the country, facilitating the access of the business environment to our financial products. 2018 was a new stage in EximBank's development, marking the sixth consecutive year of growth: we managed to increase sales, the total exposure doubled compared to During the past year, EximBank, as an export credit agency, strengthened its trust and 2012, we accelerated the sale of complementary products; overall, we strengthened our expertise capital that allows it to finance the Romanian exporters' projects by constantly position on the banking market by increasing our market share. participating in the work of the Council of the EU Working Group on Export Credits and through involvement in the project to set up the Investment Fund of the Three Seas Initi- At year end, the Bank managed total exposures in the amount of RON 7.9 billion, up ative - which aims to increase the level of investment, connectivity and cooperation in the by 30% compared to 2017 year end. In the period 2012-2018, on the background of an region. The Bank also contributed substantially to the official preparations made in order ambitious business strategy, the total managed exposures had an annual growth rate of for Romania to take over the EU presidency in the first half of 2019.