● BT’s growth supported by internal capital generation●

Fitch Ratings has affirmed Banca Transilvania’s Long-Term Issuer Default Rating (IDR) at 'BB', with a Stable Outlook, as well as BT’s Viability Rating (VR) at 'bb'.

BT’s Viability Rating is underpinned by the bank’s overall profitability, with growth supported by internal capital generation.

Rating actions for BT:

• Long-Term Foreign-Currency IDR: affirmed at 'BB'; Stable Outlook
• Short-Term Foreign-Currency IDR: affirmed at 'B'
• Viability Rating: affirmed at 'bb'
• Support Rating: affirmed at '5'
• Support Rating Floor: affirmed at 'No Floor'

In Fitch’s view, operating efficiency and low provisioning costs have supported BT’s financial results. Fitch also notes that core capital is solid, reflected in a capital adequacy ratio of 19.6% at the end of the first half of 2017.

Fitch expects Banca Transilvania’s pre-provision operating results to remain on an upward trend.