Bogdan Pleşuvescu, Deputy CEO, BT, represented the bank at the “Financial-Banking Market” conference, organised by the publication Bursa, in Bucharest, in May this year, where he made the following statements:

• Private companies in our country have become more resilient since the global financial crisis more than 15 years ago.
  
  
• All the data we analyse across Banca Transilvania’s portfolio show that, after the 2007-2008 crisis, Romania’s private companies developed a tried and tested resilience framework, very well implemented, which continues to work well today.
  
  
• We see that this resilience to the constant market changes over the last five years has produced much stronger companies.
  
  
• SMEs, benefiting from this resilience, have further built their capabilities, learned to diversify both their product portfolios and their customer base, become less dependent on government contracts, and compete in the open market so as to grow their services offering.
  
  
• Discussions with peers in the industry suggest the same is true across other credit institutions in the country.
  
  
• Despite the challenges posed by the COVID crisis, the energy crisis, inflation and the war, there has been no significant increase in non-performing loan portfolios at Banca Transilvania or at other banks.