Brief: Romania's Banca Transilvania bank H1 net profit up

Banca Transilvania

10/08/2015 18:46

BUCHAREST, Aug 10 (Reuters) - Romanian lender Banca 
Transilvania  ROTLV.BX  
     
    * Says records 5 percent increase in net profit to 190 
million lei ($47.51 million) in the first half of 2015, compared 
to 181 million in the first half of 2014; Gross profit was 
226.31 million, eight percent higher compared to H1 2014;  
    * Total assets: plus 8.4 percent compared to the end of 
2014, reaching 38.6 billion lei. 
    * Says non-performing loans represent 9.84 percent of Banca 
Transilvania's credit portfolio, falling below the 10 percent 
threshold for the first time within the last years. 
    * Says loan portfolio balance was 13.4 percent higher 
compared to the end of 2014, even though the loan write-off 
process continued in H1 2015 (438 million lei). 
    * Says total customer deposits were more than 6.2 percent 
higher as compared to December 2014.           
    * Says it booked net provision expenses for assets and 
lending commitments of 255 million lei in H1.  
    * Says coverage with related provisions and mortgage 
collateral stands above 119.2 percent, value which has been  
relatively stable over the past two years. 
    * The bank's CAR was 16.4 percent, considering the cumulated 
profit for 2014 and H1 2015.  
     
Further company coverage:  ROTLV.BX       
 
($1 = 3.9990 lei) 
 
 (Reporting by Radu Marinas) 
 ((radu.marinas@thomsonreuters.com; +40 21 305 5263; Reuters 
Messaging: radu.marinas.thomsonreuters.com@reuters.net)) 
 
Keywords: BANCATRANSILVANIA RESULTS/