Brief: Romania's Banca Transilvania nine-month net profit falls

Banca Transilvania

10/11/2015 17:06

Nov 10 (Reuters) - Romanian lender Banca Transilvania 
 ROTLV.BX  
     
    * Says bank records 3.0 percent decrease in net profit to 
313 million lei ($75.25 million) at the end of September. 
    * Says assets were 10.6 percent higher compared to the end 
of 2014, reaching 39.4 billion lei while the operational income 
reached 1.4 billion lei. 
    * Horia Ciorcila, Chairman of Banca Transilvania's Board of 
Directors: "We are currently focused on finalizing the 
integration of Volksbank Romania within the structure of Banca 
Transilvania, which is to take place at the end of the year, and 
also on adapting the Banca Transilvania Financial Group and our 
business lines to the new dimension resulting from this 
transaction." 
    * At the end of Q3 2015, the loan portfolio balance  
was 19.1 percent higher than at the end of 2014 (half of this  
growth being organic), despite the fact that the loan write 
- off process continued during this period (520 million lei) 
    * Coverage of non-performing loans with related  provisions  
and mortgage guarantees is still comfortable and in line with 
the bank's risk appetite. 
          
Further company coverage:  ROTLV.BX  
 
 
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Keywords: BANCATRANSILVANIA/