Brief: Romania's Banca Transilvania H1 net profit rises 8.2 pct y/y

Banca Transilvania

10/08/2017 07:12

BUCHAREST, Aug 10 (Reuters) - Romanian lender Banca 
Transilvania  ROTLV.BX      
    * Says records net profit of 496.1 million lei ($127.51 
million) in the first half, up 8.2 percent on the year. 
    * Says Banca Transilvania Group's profit before income tax 
stood at 605.3 million lei, up 7.1 percent compared with the 
first half of 2016. 
    * Says its total assets rose 2.8 percent on the year to 53.2 
billion lei. 
    * Says its capital adequacy ratio is 18.35 percent, without 
including the results of the first half of 2017. 
    * The NPE ratio is 8.1 percent, while the coverage ratio is 
65 percent (total impairment allowances allocated to 
non-performing exposures, as defined by EBA guidelines). 
    * Board chairman Horia Ciorcila: "Banking is changi 
radically and with an accelerated pace, being aware of this, we 
are rolling out a vast and complex digitalization process, 
aiming business and customer interaction simplification. We 
invest in online platforms and processes, but at the same time 
we pay attention to related risks, to be able to provide our 
customers with the best possible digital network combination."  
 
Further company coverage:  ROTLV.BX  
 
 
($1 = 3.8906 lei) 
 
 (Bucharest newsroom) 
 ((radu.marinas@thomsonreuters.com; +40 21 305 5266)) 
 
Keywords: BANCATRANSILVANIA/