tbi bank continues to expand its partner network and joins forces with Elvila

tbi bank, one of the most dynamic banks in Southeast Europe, is expanding its network of partners with one of the largest furniture retailers in Romania, Elvila. Through this partnership, customers will have access to a new financing option for when they need to purchase quality furniture for their houses or offices.

Elvila is one of the oldest companies in Romania, established in 1990. The product range is extremely broad, from living room and bedroom furniture to office furniture, mattresses, and decorations. Elvila is one of the largest furniture retailers in Romania, with over 130 employees and total revenues of around 5.5 million euros in 2022. Listed on the Bucharest Stock Exchange (BVB), the company has a market capitalization of about 18.6 million lei.

”After buying a house, furniture is one of the most important purchases you can make for a comfortable life. We have chosen a very strong partner in this segment of the market, Elvila, to support Romanians who do not want to compromise on quality, despite the price increases of the last year”, said Ionut Sabadac, VP of Merchant Solutions, tbi bank.

The customers have the option of buying in 4 interest-free and fixed installments, through the Quattro instrument. Also, they can opt for a payment period between 6 and 60 months, with fixed installments and a fixed interest rate, based on their needs.

”We have been close to our customers for 33 years with top quality products, but financing can sometimes be a problem, especially in the current economic climate. Our partnership with tbi bank helps us to broaden our customer base and stay close to them with high quality products and services”, said Elvila representatives.