Brief: Romania's Banca Transilvania 2015 net profit surges

Banca Transilvania

15/02/2016 18:08

Feb 15 (Reuters) - Romanian lender Banca Transilvania 
 ROTLV.BX  
     
    * Says bank records large increase in net profit to 2.4 
billion lei ($599.78 million) last year against 434 million in 
2014, including the gain from the acquisition of Volksbank 
Romania.  
    * Says BT's assets rose 32.6 percent on the year, reaching 
47.2 billion lei while the operational income reached 2.3 
billion lei, 14.3 percent above the level of 2014. 
    * Horia Ciorcila, Chairman of Banca Transilvania's Board of 
Directors: "Our financial results are proof that 2015 was the 
best year in BT's history and confirmation that we have managed 
to achieve our goals of organic growth, at the same time with 
the acquisition and integration of Volksbank Romania." 
    * At the end of 2015, the loan portfolio balance was 43.3 
percent higher than at the end of 2014, in spite of the fact 
that the loan write-off process continued during this period 
(694 million lei) 
          
Further company coverage:  ROTLV.BX  
 
($1 = 4.0015 lei) 
 
 ((Bucharest Newsroom; +40 21 305 5263)) 
 
Keywords: BANCATRANSILVANIA/