Banca Transilvania eyes 500m euros in assets

Banca Transilvania’s expansion strategy will continue next year, as the bank management aims to increase the number of branches to 100 and send assets up to some 500m euros. “The bank is currently holding 60 branches and we intend to open 12 more by yearend. Besides, we are planning to exceed 100 branches next year. We also aim to reach 500m euros in assets by the end of 2004,” Robert Rekkers, Banca Transilvania president, told Ziarul Financiar. The bank will further focus on retail and SMEs. Banca Transilvania president also sees high potential for the mortgage credits. ZF