From the eighth position in the 2009 ranking of the biggestbanks on the market, Banca Transilvania (BT) climbed onto thefourth according to September 30 data, expanding its market sharefrom 5.9% to 6.2%.
"The fourth position on the banking market stands proof our policyof continuing to grant loans releasing loans has borne fruit.(...)," stated Robbert Rekkers, general manager of BT, in aninterview with ZF.
After the first nine months, the bank reported an 8% increase inthe volume of loans from the end of 2009, clearly above the marketaverage. However, the target set at the start of the year was muchmore ambitious, pointing to a 17% increase.
"Such an increase is not achievable. It is hard to reach two-digitgrowth as there is not sufficient demand, and many clients nolonger qualify for a loan. For the fourth quarter, I do not expectany spectacular leap, but we will maintain the upward trend. We'llend the year higher both in term of loans and deposits".
Rekkers maintains the loan portfolio increase did not come at thecost of some risks leading to deep loan portfolio qualitydeterioration and at any rate the bank has had an aggressiveprovisioning policy over the past two years.
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