Rekkers acquired the 20,000 shares at a median price of 2.2525lei, 1% higher than yesterday’s closing quote of 2.23lei.

The chief executive’s previous purchase was on September 30, when he acquired 35,000 shares at a median price of 1.62 lei.

Earlier this month, Banca Transilvania shares touched record values, which heated insiders’ buying activity.

Banca Transilvania reported net profit of 48.27million lei in the first nine months this year (€11.41 million), 87.8% lower than the same period of last year.

The bank has a share capital of 1.06 billion lei, divided into 1.06 shares at a nominal value of 1leu.

The market cap stands at 2.36 billion lei (€0.55 billion), according to yesterday’s closing quote of 2.23lei/share.