Banca Transilvania (TLV) investor relations material

Executive summary

• Achieved strong growth in Q4 and full-year 2025, driven by organic expansion, M&A (notably OTP and Microinvest), and robust commercial activity across retail, SME, and corporate segments.

• Net interest and fee income posted double-digit growth, with consolidated net interest income up 16.8% and net fee income up 9.1% year-over-year.

• Pre-provision operating profit rose 19.6% year-over-year, but group net profit dipped 1.48% due to higher cost of risk, while bank-level net profit rose 16%.

• Maintained robust capital and liquidity positions, with group Tier 1 ratio at 17.14% and capital adequacy ratio at 22.71%.

• Customer satisfaction and digitalization reached record levels, with NPS 12 points above market average and over 4.4 million active retail clients.

Financial highlights

• Q4 2025 net profit reached RON 1.4 billion, up 7% sequentially; full-year consolidated net profit was RON 4.66 billion, with bank-level net profit up 16% year-over-year.

• Net interest income: RON 8,065.5 million (+16.8% YoY); net fee and commission income: RON 1,622.9 million (+9.1% YoY).

• Total assets grew to RON 224.4 billion (+8.4% YoY); net loans and leasing receivables rose to RON 106.7 billion (+10.7% YoY).

• Loan book grew 23% (including OTP), or 13% organically; deposit growth at 8.8%, above GDP and market average.

• Cost-to-income ratio improved to 44.4% (including turnover tax), or 39.41% (excluding tax).

Outlook and guidance

• 2026 guidance: high single-digit loan book growth, deposit growth around 6%, net interest income +7%, fee and commission income +13%.

• Cost-to-income ratio guided at 45-46% (including tax), below 40% (excluding tax); cost of risk expected at 70 bps.

• ROE expected to remain above 20%; capital adequacy ratio targeted above 20%.

• Dividend payout ratio to remain at 30-40%, barring major M&A.

• Macroeconomic outlook: GDP growth 1.67%, inflation 4.3%, unemployment 6.0%.