Brief: Romania's Banca Transilvania sees 50.8 pct rise in Q1 net profit

Banca Transilvania

28/04/2016 06:59

BUCHAREST, April 28 (Reuters) - Romanian lender Banca 
Transilvania  ROTLV.BX      
    *     Says records net profit of 228.5 million lei ($58.08 
million) in the first quarter, 50.8 percent higher from the same 
period of 2015, driven by higher efficiency and a rise in 
lending. 
    *     Says BT's net lending accounted for 25.5 billion lei 
of its 46.12 billion lei total assets, up 1.5 percent compared 
with its loan stock at the end of 2015. Its operational income 
reached 599.1 million lei, roughly 11 percent higher than the 
first quarter of 2015. 
    *     Omer Tetik, Banca Transilvania's chief executive: "Our 
target is to use the background provided by our solid financial 
statements in order to invest in new projects, modernize the 
network, digitize, automate and modernize flows, so that our 
bank becomes a convenience store. We wish to increase our income 
through higher volumes, without raising the costs for clients." 
 
    Further company coverage: ROTLV.BX 
($1 = 3.9344 lei) 
 
 (Bucharest newsroom) 
 ((bucharest.newsroom@thomsonreuters.com; +40 21 305 5266)) 
 
Keywords: BANCATRANSILVANIA/