Bucharest, January 22, 2020 – The Romanian Investor Relations Association (ARIR) is delighted to announce that Banca Transilvania (BVB: TLV), the largest lender of the Romanian economy, becomes Associate Member of ARIR. The company is recognized for its activity of over 25 years in the banking sector and is the first bank listed on the Bucharest Stock Exchange. The company’s market capitalisation increased on average by 50% per year since the listing.
Mihaela Nădăşan, Deputy CEO FI & Financial Markets, Banca Transilvania:
“We are glad that we can share from our experience on the capital market and contribute to implementing best practices in investor relations by Romanian companies. Investors are the main partners for listed companies. In their investment decision, they need a coherent dialogue based on which to build their trust in the business environment as a whole, in the company’s potential and in the quality of the people who started and run the respective business.”
Daniela Șerban, ARIR President & Co-Founder:
“Most active investors on the stock market had at least once in their portfolio shares of Banca Transilvania, a landmark company on the Romanian capital market and the most traded share on the Bucharest Stock Exchange. Excellence in Investor Relations has been appreciated by investors and we are pleased to build within ARIR a strong team of professionals that will contribute to the most important projects for the market. We also congratulate Banca Transilvania for the inclusion of their shares in the FTSE Russell Index for emerging markets, as of September 2020.”
Banca Transilvania is the largest bank from Romania in terms of assets, with a market share of over 16% and has over 3 million clients, out of which 700,000 credited clients. The company is also the only Romanian bank included in the 2019 Global Brand Finance Banking 500 ranking, with a brand value of $242 million.
Banca Transilvania joins an elite group of companies, members of the Association, such as Bucharest Stock Exchange, ALRO, Antibiotice, BRK Financial Group, Electrica, Electromagnetica, Franklin Templeton – București, Hidroelectrica, Idea Bank, Nuclearelectrica, OMV Petrom, Purcari, TeraPlast and Transelectrica.
ARIR members have access to exclusive content for the implementation of best practices in Investor Relations and Corporate Governance, and trainings tailored to their needs and IR objectives, participate at projects aimed to develop the capital market. In ARIR are invited to join: as Associate Members – listed companies, pre-IPO or bond issuers, as Affiliate Members – other companies than the listed ones, pre-IPO or bond issuers, and as Professional Members – individuals with experience in investor relations.
About Romanian Investor Relations Association (ARIR):
ARIR is a non-governmental and non-profit organization that was set-up to provide current and potential issuers a platform for the development of Investor Relations (IR) professionals and contribute to the implementation of best practices in investor communication and corporate governance. It was established in November 2018 and has as members listed companies, companies with potential to become listed companies, fund managers, IR professionals as well as consultants. The founding members are BVB, ALRO, Electromagnetica, Franklin Templeton Management – Bucharest Branch, Hidroelectrica, Nuclearelectrica, Teraplast, Transelectrica, Daniela Șerban, Cosmin Răduță and Tony Romani, while Electrica, OMV Petrom, Antibiotice, Purcari, Idea Bank and BRK Financial Group joined as Associate Members and INNOVA Project Consulting as Affiliate Member.
*Taking into consideration the total assets and profit from 2018, according to SEE TOP 100 Banks realized and published by See News