Brief: Romanian Banca Transilvania's net profit at 1.23 bln lei in 2016

Banca Transilvania

15/02/2017 07:28

BUCHAREST, Feb 15 (Reuters) - Romanian lender Banca 
Transilvania  ROTLV.BX      
    * Says records net profit of 1.23 billion lei ($288.97 
million) in 2016, down 49 percent from the previous year when 
the acquisition of Volksbank helped its profit surge. 
    * Says Banca Transilvania Group's overall profit stood at 
1.28 billion lei. 
    * Says non-performing loans represented 4.62 percent of its 
total loan portfolio at the end of 2016, sharply down from 9.75 
percent at the end of 2015. 
    * Says coverage of non-performing loans with related 
provisions and mortgage collateral remains at a comfortable 
level of 117.5 percent and in line with the bank's risk 
appetite. 
    * Says its total assets rose 9.4 percent on the year to 51.8 
billion lei. 
    * Says its solvency ratio was 18.5 percent (15.69 percent 
without profit). 
 
    Further company coverage: ROTLV.BX 
($1 = 4.2565 lei) 
 
 (Bucharest newsroom) 
 ((bucharest.newsroom@thomsonreuters.com; +40 21 305 5266)) 
 
Keywords: BANCATRANSILVANIA/