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Facilitating access to financing remains our objective

The geopolitical tensions do not affect Banca Transilavania’s operations, considering that we are not present on the neighbouring market and that the Romanian banking system is not directly exposed to risks associated with the conflict in Ukraine. Of course, there is an impact when it comes to payables and receivables with the Russian Federation, as we must respect EU regulations pertaining to international sanctions but we try to responsibly manage the situation in such a way so that the effect on our customers is minimal. As for risk costs, they will increase, but not necessarily as a direct result of the situation in Ukraine, as there are cumulative recession signals coming from the U.S. and the Euro zone. In line with the requirements of the European Central Bank, credit risk management is a priority for us, together with the governance and the solidity of our business model.

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SEE banks feel Covid-19 pinch, Banca Transilvania tops list for third year in row

The banks in Southeast Europe (SEE) showed resilience in the pandemic-defined 2020, as their total assets continued to grow. The measures introduced by the authorities to reduce the impact of the Covid-19 spread, however, took a heavy toll on their bottom lines and only a few of the region’s top lenders managed to grow their net profit. Cross-border M&A activity further reshaped the region’s banking landscape as a bunch of big deals were completed in 2020.