Fitch Ratings has upgraded Banca Transilvania S.A.'s (Transilvania) Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+' and Short-Term IDR to 'F3' from 'B'. The Outlook on the Long-Term IDR is Stable, Banca Transilvania said in a press statement on Nov 19.
tbi bank, which operates on several markets including Romania, ended the first nine months of 2024 with EUR38 million net profit, 34% higher than in the year-ago period, and operating income of EUR186 million, 25% higher, mainly because of a 34% increase in net interest income, it said in the report detailing the unaudited consolidated financial results.