“We will do everything for the good of Romanians, of the economy and of Romania. We will take a proactive, supportive stance toward companies and our borrowers, because solidarity has now become the primary objective.

We will work together with our individual and SME clients to find the best solutions to overcome this impasse and to help them resume operations as soon as conditions allow. This is a new and unprecedented situation, and we want to help. We all need to share a common goal: the well-being of Romania today and tomorrow. 

We have the necessary resources, and our teams are experienced and dedicated, and are now implementing various support arrangements for customers with loans. By their nature, entrepreneurs can find solutions in any context, but this situation is unique. 

We extend our deep appreciation to all our employees who have mobilized and are contributing. 

We admire and respect those on the front line: medical staff — doctors and nurses — and the people keeping the services we rely on open. 

We thank everyone who works for the good of others. It is in everyone’s interest that Romania’s economy be supported by the state, the banks and anyone in a position to do so.”  

Horia Ciorcila, Chairman of the Board of Directors, Banca Transilvania

Statement given to Ziarul Financiar on March 16, 2020