Banca Transilvania S A : Interim condensed consolidated and separate financial statements 30.06.2022

Banca Transilvania S.A.

INTERIM CONDENSED CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS

As at June 30, 2022

Banca Transilvania S.A.

CONTENTS

Interim Consolidated and Separate Statement of Profit or Loss

Interim Consolidated and Separate Statement of Other Comprehensive Income

Interim Consolidated and Separate Statement of Financial Position

Interim Consolidated and Separate Statement of Changes in Equity

Interim Consolidated and Separate Statement of Cash Flows

Notes to the Interim Condensed Consolidated and Separate Financial Statements

1

2

3-4

5-8

9-10

11-91

Banca Transilvania S.A.

Interim Consolidated and Separate Statement of Profit or Loss

				Group			Bank
RON thousand	Notes	3 months	6 months	3 months	6 months	3 months	6 months	3 months	6 months
			ended June	ended June	ended June	ended June	ended June	ended June	ended	ended June
			30, 2022	30, 2022	30, 2021	30, 2021	30, 2022	30, 2022	June 30,	30, 2021
									2021
Interest income calculated using the effective interest
method			1,319,752	2,422,473	888,007	1,754,907	1,168,232	2,128,476	815,412	1,613,819
Other interest like income			50,133	86,327	29,157	56,815	5,111	8,242	2,592	4,764
Interest expense calculated using the effective interest
method			(307,376)	(476,390)	(137,803)	(282,058)	(287,141)	(438,422)	(125,273)	(258,255)
Other interest like expense			(480)	(1,014)	(328)	(649)	(1,611)	(3,360)	(1,675)	(3,351)
Net interest income	5		1,062,029	2,031,396	779,033	1,529,015	884,591	1,694,936	691,056	1,356,977
Fee and commission income			435,461	826,046	345,202	654,149	369,350	701,411	297,955	562,773
Fee and commission expense			(143,516)	(275,071)	(111,471)	(207,161)	(122,359)	(235,566)	(97,074)	(180,605)
Net fee and commission income	6		291,945	550,975	233,731	446,988	246,991	465,845	200,881	382,168
Net trading income	7		213,846	380,809	115,817	261,620	203,620	358,457	107,890	203,823
Net loss /gain from financial assets measured at fair value	8
through other items of comprehensive income			(56,112)	(70,484)	57,108	129,350	(56,136)	(70,941)	55,160	127,389
Net loss /gain from financial assets which are required to be	9
measured at fair value through profit or loss			(46,293)	(52,408)	31,544	54,679	(60,527)	(77,730)	37,806	93,140
Contribution to the Bank Deposit Guarantee Fund and to	10
the Resolution Fund			(3,731)	(151,013)	(3,151)	(88,376)	-	(143,513)	-	(82,022)
Other operating income	11		75,959	144,554	35,999	76,735	67,274	110,584	53,627	88,431
Operating income			1,537,643	2,833,829	1,250,081	2,410,011	1,285,813	2,337,638	1,146,420	2,169,906
Impairment or reversal of impairment on financial assets	12(a)
not measured at fair value through profit or loss			(62,653)	(204,829)	(281,179)	(150,124)	(6,589)	(109,833)	(286,274)	(149,858)
(Other) Provisions and reversal of provisions	12(b)	17,170	25,619	27,726	37,073	8,626	10,565	21,208	29,186
Personnel expenses	13		(420,814)	(818,518)	(337,265)	(650,715)	(354,789)	(693,812)	(301,273)	(580,562)
Depreciation and amortization			(95,624)	(188,467)	(88,449)	(178,035)	(85,517)	(167,664)	(86,033)	(173,815)
Other operating expenses	14		(247,764)	(446,346)	(153,440)	(303,928)	(186,111)	(352,117)	(130,970)	(258,721)
Operating expenses			(809,685)	(1,632,541)	(838,607)	(1,245,729)	(624,380)	(1,312,861)	(783,342) (1,133,770)
Profit before income tax			727,958	1,201,288	411,474	1,164,282	661,433	1,024,777	363,078	1,036,136
Income tax expense (-)	15		(81,813)	(154,809)	(52,310)	(148,790)	(61,948)	(117,774)	(43,306)	(135,101)
Net profit for the period			646,145	1,046,479	359,164	1,015,492	599,485	907,003	319,772	901,035
Net Profit of the Group attributable to:
Equity holders of the Bank			624,082	1,007,548	350,387	1,001,218	599,485	907,003	319,772	901,035
Non-controlling interests			22,063	38,931	8,777	14,274	-	-	-	-
Net profit for the period			646,145	1,046,479	359,164	1,015,492	599,485	907,003	319,772	901,035
										1

Banca Transilvania S.A.

Interim Consolidated and Separate Statement of Other Comprehensive Income

			Group			Bank
RON thousand	Notes	3 months	6 months	3 months	6 months	3 months	6 months	3 months	6 months
		ended June	ended June	ended June	ended June	ended June	ended June	ended June	ended June
		30, 2022	30, 2022	30, 2021	30, 2021	30, 2022	30, 2022	30, 2021	30, 2021
Net Profit for the period		646,145	1,046,479	359,164	1,015,492	599,485	907,003	319,772	901,035
Items that will not be reclassified as profit or
loss, net of tax		-	-	(819)	(819)	-	-	(815)	(815)
Other elements of comprehensive income		-	-	(819)	(819)	-	-	(815)	(815)
Items which are or may be reclassified to profit
or loss		300,671	(809,095)	(137,199)	(193,267)	307,071	(781,538)	(133,780)	(198,224)
Fair value reserve (financial assets measured
at vair value through other items of
comprehensive income), of which:		360,003	(942,092)	(156,589)	(233,267)	374,243	(923,668)	(159,266)	(235,927)
Net gain /loss from disposal of financial assets
measured at fair value through other items of
comprehensive income, transferred to profit or loss
account		56,112	70,484	(57,108)	(129,350)	56,136	70,941	(55,160)	(127,389)
Fair value changes of financial assets measured at fair
value through other items of comprehensive income		(3,211,298)	(4,527,765)	(99,481)	(103,917)	(3,197,082	(4,509,798)	(104,106)	(108,538)
Effect of reclassification of financial assets measured
at fair value through other items of comprehensive
income to amortised cost		3,515,189	3,515,189	-	-	3,515,189	3,515,189	-	-
Translation of financial information of foreign
operations to presentation currency		6,600	(14,411)	(6,732)	2,840	9	21	17	(399)
Income tax on items which are or may be
reclassified to profit or loss		(65,932)	147,408	26,122	37,160	(67,181)	142,109	25,469	38,102
Total comprehensive income for the period		946,816	237,384	221,146	821,406	906,556	125,465	185,177	701,996
Total comprehensive income attributable to:
Equity holders of the Bank		924,753	198,453	212,369	807,132	906,556	125,465	185,177	701,996
Non-controlling interest		22,063	38,931	8,777	14,274	-	-	-	-
Total comprehensive income for the period		946,816	237,384	221,146	821,406	906,556	125,465	185,177	701,996
Basic earnings per share		0.0886	0.1427	0.0556	0.1416
Diluted earnings per share		0.0886	0.1427	0.0556	0.1416

The financial statements were approved by the Board of Directors on August 24, 2022 and were signed on its behalf by:

Ӧmer TETIK	George CĂLINESCU
Chief Executive Officer	Deputy Chief Executive Office

2

Banca Transilvania S.A.

Interim Consolidated and Separate Statement of Financial Position

In RON thousand	Not
	e
Assets
Cash and current accounts with
Central Banks	16
Derivatives	40
Financial assets held for trading
and measured at fair value
through profit or loss	18
Non-trading financial assets
mandatorily at fair value through
profit or loss	18
Financial assets measured at fair
value through other items of the
comprehensive income	21

• of which pledged securities (repo agreements)

Financial assets at amortized cost

• of which:

- Placements with banks	17
- Loans and advances to
customers	19
- Debt instruments	21
- Other financial assets	25
Finance lease receivables	20
Investments in subsidiaries
Investments in associates
Property and equipment and
investment property
Intangible assets
Goodwill
Right-of-use assets
Current tax receivables
Deferred tax assets
Other non-financial assets	26

Total assets

Group		Bank
30-06-2022	31-12-2021	30-06-2022	31-12-2021
RON	RON	RON	RON
thousand	thousand	thousand	thousand
17,518,717	18,320,913	15,927,793	16,763,625
234,860	80,927	234,860	79,842
301,343	338,450	30,660	31,207
1,095,091	1,108,316	1,419,169	1,465,497
20,281,120	41,193,373	19,984,316	40,853,784
636,932	6,526,812	636,932	6,526,812
95,337,016	67,562,066	93,023,485	63,090,715
6,835,297	10,394,297	7,579,667	9,612,690
62,188,506	54,629,754	60,206,769	52,238,523
24,766,892	1,483,111	23,838,457	355,331
1,546,321	1,054,904	1,398,592	884,171
2,674,137	1,488,031	-	-
-	-	1,047,005	735,486
5,140	4,459	-	-
1,087,163	1,064,215	651,723	652,581
425,644	406,244	357,869	334,783
127,063	22,424	-	-
459,456	492,021	663,326	706,647
-	-	-	-
407,404	257,885	371,484	227,724
183,626	161,866	129,955	120,142

140,137,780 132,501,190 133,841,645 125,062,033

The explanatory notes to the financial statements from page 11 to page 91 are an integral part of these financial statements.	3