Therefore, compared with 2010, the number of foreign bank branches dropped by one, to eightentities at end-2011, whereas the number of <strong>Romanian</strong> banks remained unchanged, i.e. 33entities, including Central Cooperatist Bank CREDITCOOP.Table 1. Banking system by ownershipNumber of banks, end of period2010 2011Banks, <strong>Romanian</strong> legal entities,32 32of which:Banks with fully or majority state-owned2 2capitalBanks with majority private capital,30 30of which:- with majority domestic capital 4 4- with majority foreign capital 26 26Foreign bank branches 9 8Total banks and foreign bank branches 41 40CREDITCOOP 1 1Total number of the credit institutions 42 41In terms of share capital, the composition of <strong>Romanian</strong> banking system at end-2011 was asfollows: two banks with fully or majority state-owned capital (CEC Bank and Eximbank), fourbanks with domestic majority private capital (Banca Transilvania, Banca ComercialăCARPATICA, Libra Internet Bank and Banca Comercială Feroviara), 26 banks with majorityforeign capital, eight foreign bank branches and one licensed cooperative organisation (CentralCooperatist Bank CREDITCOOP).Table 2. Market share of credit institutionsEnd periodNet assets balance sheet2010 2011Mil.ron % Mil.ron %Banks with <strong>Romanian</strong> capital50 377,2 14,7 59 294,2 16,8of which:- with majority state-owned capital 25 207,4 7,4 28 990,1 8,2- with majority private capital 25 169,8 7,3 30 304,1 8,6Banks with majority foreign capital 267 075,7 78,1 265 381,6 75,0I. Total commercial banks 317 452,9 92,8 324 675,8 91,8II. Foreign bank branches 23 697,1 7,0 28 381,2 8,0Banks with majority private capital 315 942,6 92,4 324 066,9 91,6including foreign bank branchesTotal foreign-owned banks, 290 772,8 85,1 293 762,8 83,0including branches of foreign banksTotal banks and foreign bank 341 150,8 99,8 353 057,0 99,856
anches (I+II)CREDITCOOP 796,3 0,2 853,9 0,2Total credit institutions 341 946,3 100,0 353 910,9 100,0At end-2011, the share of assets held by banks with fully or majority private capital in totalassets of the <strong>Romanian</strong> banking system amounted to 91.8 percent, while banks with fully ormajority state-owned capital held only 8.2 percent. The share of assets held by banks with fullyor majority foreign capital, including foreign bank branches, equalled 83 percent of total assetsof the <strong>Romanian</strong> banking system.Table 3. The share of credit institutions in Aggregate CapitalEnd periodShare capital2010 2011Mil.lei % Mil.lei %Banks with <strong>Romanian</strong> capital3 794,8 22,4 4 166,2 22,8of which:- state-owned 1 795,6 10,6 1 848,4 10,1- with majority private capital 1 999,2 11,8 2 317,8 12,7Banks with majority foreign capital 12 632,9 74,6 13 701,4 74,9I. Total commercial Banks 16 427,7 97,0 17 867,6 97,7II. Branches of foreign Banks 393,7 2,3 295,7 1,6Total Banks with majority private 15 025,8 88,7 16 314,9 89,2capital, including foreign BankbranchesTotal foreign-owned Banks, 13 026,6 76,9 13 997,1 76,5including branches of foreign BanksTotal number of Banks and 16 821,4 99,3 18 163,3 99,3branches of foreign Banks (I+II)CREDITCOOP 122,7 0,7 126,0 0,7Total number of the credit 16 944,1 100,0 18 289,3 100,0institutionsAt end-2011, the top five banks in terms of asset size held the following shares: 54.6 percent ofaggregate assets, 52.3 percent of loans, 58.0 percent of deposits, 52.8 percent of equity capitaland 59.7 percent of government securities. In terms of bank capitalisation, share/endowmentcapital of the <strong>Romanian</strong> banks was larger from a year earlier, in both nominal and real terms, by7.9 percent and 4.7 percent respectively, due mainly to shareholders’ capital increases in cashcontributions and net profit distribution for the previous year.As regards the country of origin of the capital invested in domestic banks and foreign bankbranches operating in Romania at end-2011, the top three countries were further Greece (22.9percent in aggregate capital), Austria (20.8 percent) and well behind the Netherlands (11.5percent).57
- Page 8: Interest expense -921,954 -897,963
- Page 11 and 12: Placements with banks 1,059,394 566
- Page 13 and 14: activities".B.16 To the extent know
- Page 15 and 16: Subject to the provisions laid down
- Page 17 and 18: (assuming that there is no conversi
- Page 19 and 20: after the close of the Pre-emptive
- Page 21: Tranche A Bonds to Tranche B Bonds.
- Page 24 and 25: “Lead Manager”,"Broker" or "BTS
- Page 26 and 27: estructuring, liquidation, dissolut
- Page 28 and 29: "PrimaryOffer Period""Reference Pag
- Page 30 and 31: I. REGISTRATION DOCUMENT1. LIABLE E
- Page 32 and 33: Distributable to:Equity holders of
- Page 34 and 35: pace under the current market condi
- Page 36 and 37: OWN FUNDS LEVEL II 203 154 78 48 36
- Page 38 and 39: The table below presents the struct
- Page 40 and 41: 1-3 years 810,462 16%3-5 years 549,
- Page 42 and 43: macro-economical environment is sti
- Page 44 and 45: • creation and constant maintenan
- Page 46 and 47: Banca Transilvania’s strategy for
- Page 48 and 49: y a low level of liquidity. Further
- Page 50 and 51: investment will have on the potenti
- Page 53 and 54: 5. INFORMATION ABOUT THE ISSUERHist
- Page 55: solution. This client service appro
- Page 59 and 60: After temporary downward pressure o
- Page 61 and 62: company proposes financing solution
- Page 63 and 64: Until December 31, 2011 the units h
- Page 65 and 66: ORGANISATIONAL CHART OF BANCA TRANS
- Page 67 and 68: 8. INFORMATION ON TRENDS8.1. Statem
- Page 69 and 70: Mr. Peter Morris Franklin was born
- Page 71 and 72: Doca Nevenca ZorancaRelationsExecut
- Page 73 and 74: ecomes the Head of the Arbitration
- Page 75 and 76: • Providing means of open communi
- Page 77 and 78: Technical Committee for the Managem
- Page 79 and 80: manager for SME loans/ designated s
- Page 81 and 82: 11. MAIN SHAREHOLDERSAs at 30.12.20
- Page 83 and 84: LeiLeiInterest income 1.856.372 1.8
- Page 85 and 86: LiabilitiesDeposits from banks 251.
- Page 87 and 88: contributionDistribution to statuto
- Page 89 and 90: Consolidated cash flow statementFor
- Page 91 and 92: Less accrued interest -2.019 -3.588
- Page 93 and 94: Tangible assets 275.174 266.586 1,0
- Page 95 and 96: According to the Articles of Associ
- Page 97 and 98: II. BONDS TERMS AND CONDITIONS1. BA
- Page 99 and 100: The Bonds are direct, unconditional
- Page 101 and 102: payments accrued and unpaid have be
- Page 103 and 104: Agent to the Bondholders registered
- Page 105 and 106: marketV d is the number of Shares t
- Page 107 and 108:
7. NoticesExcept as otherwise provi
- Page 109 and 110:
Bond Registry in accordance with th
- Page 111 and 112:
In accordance with the Agreement da
- Page 113 and 114:
Bank for the benefit of the Bondhol
- Page 115 and 116:
e returned to the subscribers in 10
- Page 117 and 118:
Bonds may be subscribed during the
- Page 119 and 120:
12. IFC• A copy of the Romanian L
- Page 121 and 122:
The Offer is considered successfull
- Page 123 and 124:
ANNEX 1Conditions of the Tranche A
- Page 125 and 126:
(i) the Tranche A Purchaser shall h
- Page 127 and 128:
In case of termination of the Tranc
- Page 129 and 130:
(xii) a Foreign Currency Maturity G
- Page 131 and 132:
agenda the election of the members
- Page 133 and 134:
(f) the creation, issue, sale, and
- Page 135:
ANNEX 4Conversion Notice FormTo:BAN