ARRIVAL OF ROMANIAN BT IN VICTORIABANK LED TO GOOD RESULTS

The coming of the Romanian Banca Transilvania in the capital of the Moldova's fourth largest financial institution - Victoriabank has a beneficial effect for the development of the Moldovan bank. Over a year, the number of its clients grew 10% - to 620 thousand lei, physical persons credit portfolio - by 26% - to 844 thousand lei, while the amount of the issued bank cards - by 30% - to 310 thousand.

В According to the BT Group press release, financial and prudential position of Victoriabank considerably improved in 2018. In particular, the Victoriabank creditworthiness accounts for over 30%, while reserves for covering non-performing loans - 40%. В Chairman of the Victoriabank Administrative Council Victor Turcan said that the coming of BT in the Victoriabank means a new stage in the development of bank and business environment in Moldova. В "The BT demonstrates interest to participate in all Victoriabank processes. Last week we merged for implementing the plan of bank reorganization by means of implementing BT's best practices in Victoriabank. This concerns products, services, technologies. We immediately saw tangible results", he said.

Chairman of the Victoriabank Board of Directors Bogdan Plesuvescu says that the main priorities for the BT and the Victoriabank were the ensuring of transparency, the support to entrepreneurs and private persons, development of alternative bank channels, improvement of services and products, as well as unifying the teams of two banks. В "We are glad we got first fruits from the implementation of BT business model in the Moldovan Victoriabank", the banker said.