Romania’s banking system is now more competitive, healthier, many banks have returned with a chance to develop, and we still have a fairly high appetite for new acquisitions, said Omer Tetik, CEO of Banca Transilvania, at the ZF Bankers conference 2021.
“Now we have a more competitive, healthy banking system, many banks have returned with a chance to develop and we are still interested. It is becoming more and more difficult to buy, but after each purchase we had an organic growth of 1-2 years “, said Omer Tetik.
At the same time, the CEO of Banca Transilvania also said that considering the capitalization of BT, the appetite for acquisitions is very high and there is compatible information both in the area of banks, but also in areas such as IFNs or leasing companies.
“We have not yet completed the transaction with Idea Bank, we are waiting for the approvals of the Competition Council and the NBR. Given the capitalization of BT we have a very big appetite. There is a lot of competitive information, there are banks, but not only banks, it can be in the area of IFNs, leasing companies “, claims Omert Tetik.
What Omer Tetik, CEO of Banca Transilvania said:
– I don’t think, as an economy or as a bank, that we have come out of the crisis.
-Last year we increased the market share without acquisitions. It was a year when we proved that when we need the support of the bank, we are there
-According to the NBR, non-government loans in the banking system increased by 10% in May 2021 compared to May 2020. Bank loans increased over economic growth. State guarantees were not at the same level
-From now on it will be even better because we will grant loans under government programs and we can’t wait to assume our role in PNRR to facilitate access to financing and economic development
– I learned a lot. We are not a sector where we can bring employees from Nepal or the Philippines. We still believe in the interaction between customers and banks, even if digitization will be growing exponentially.
– We need people, young people, not just the banking industry and we also need vocational schools. We as an industry need to show that we are much more attractive, and the image of the banker needs to be improved in the meantime.
– The biggest challenge is in the recruitment area.
– Digitalization can not only come from the banking system, we must have a much broader plan of the tax administration, the interaction between companies
– Very good programs are launched, such as help for HoReCa, but we lose important time because systems, applications do not work. Otherwise, I think that the trust in banks for financing has returned, and the future looks better.
– If I look at my competitors or if I look at the other banks here, there is no product or service that cannot be offered digitally.
– On the other hand, we don’t really see profitable fintechs even if they announce big increases. An important word in the relationship between the bank and the customer is trust. Customers think they think differently when they want to make a deposit or take a loan.
– I still believe that the banking system, if it takes the right steps, we are much ahead in many ways, from shareholding, transparency to services and products offered.
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