2024 was a year full of developments for the Banca Transilvania Group — from positive financial results, acquisitions, the launch of the first 100% Romanian neobank, a merger in the leasing market (BT Leasing and OTP Leasing România), AI integration, product and service launches, new features in the BT Pay and BT Go apps, through to market firsts.

At group level, it was a year of acquisitions in Romania and in the Republic of Moldova, in line with the strategy of becoming a leader including in areas complementary to banking. BT acquired OTP Bank România, OTP Leasing România, OTP Asset Management România, OTP Factoring România, OTP Consulting România, OTP Advisors România and Fundația OTP Bank România. It also took the first step towards acquiring BRD Pensii, a company active in both mandatory and voluntary private pensions. In the Republic of Moldova, Victoriabank acquired BCR Chișinău, marking a first for the market.

2024 in review, with the main highlights month by month:

December

BT Pay users can issue cards for other people directly from the app

BT Pay users can issue debit or credit cards for other people directly from the app, linked to those individuals’ accounts. BT Pay is increasingly becoming an app for the whole family.

November

Transactions across Banca Transilvania’s channels hit records on all fronts this Black Friday

The number of transactions carried out through Banca Transilvania’s channels — with BT cards and at the bank’s POS terminals — reached an all-time high on Black Friday 2024, at nearly 10 million transactions per day, up 23% versus Black Friday 2023.

October

Banca Transilvania and Visa launched the animated virtual card, in US dollars

Banca Transilvania and Visa launched the BT Visa animated virtual card, in US dollars, complementing phone and online payment solutions and the travel features available in the BT Pay app.

September

BT raised EUR 700 million from international markets in a new, oversubscribed issue

Banca Transilvania sold EUR 700 million of bonds, against investor demand of over EUR 2.5 billion. This was the second consecutive time BT issued bonds under its Sustainable Finance Framework.

August

Records for the BT Visa UNTOLD card

The BT Visa UNTOLD card posted the fastest growth of any co-branded portfolio in the region, with over 100,000 cards issued less than a year after launch.

July

Banca Transilvania acquired OTP Bank România 

Banca Transilvania today acquired OTP Bank România, as well as the other Romanian subsidiaries of OTP Group.

June

BT joined the Romanian Diversity Chamber of Commerce

To promote diversity and inclusion in Romanian business, Banca Transilvania became a member of the Romanian Diversity Chamber of Commerce.

May 

Banca Transilvania Group reached an agreement to acquire BRD Pensii

Banca Transilvania Group reached an agreement with BRD-Groupe Societe Generale and Societe Generale Assurances to acquire BRD Pensii (BRD Societate de Administrare a Fondurilor de Pensii Private), a company active in the mandatory private pensions market (Pillar II) and voluntary pensions (Pillar III).

April

The first 100% Romanian neobank was launched, Salt Bank

March

BT integrates Microsoft 365 Copilot and GitHub Copilot, AI assistants

Banca Transilvania is partnering with Microsoft to integrate Microsoft 365 Copilot and GitHub Copilot into employees’ work — AI assistants that accelerate new ways of working day to day and increase efficiency in software development.

February

BT turned 30

“It’s been 30 years of growing in Romania and seeing Romania grow”

January:

Victoriabank (Republic of Moldova) acquired BCR Chișinău

Victoriabank acquired BCR Chișinău, marking a first on the market in the Republic of Moldova: a local bank acquired another banking institution in Moldova.