Romania's Banca Transilvania 2017 net profit at 1.19 bln lei

Banca Transilvania

15/02/2018 06:29

BUCHAREST, Feb 15 (Reuters) - Romanian lender Banca 
Transilvania  ROTLV.BX      
    * Says its net profit was 1.19 billion lei ($318.42 million) 
in 
2017, down 3.5 percent on the year, whereas Banca Transilvania 
Financial Group's net profit amounted to 1.24 billion lei. 
    * Says the BT Group's total assets amount to 59.8 billion 
lei in 
2017, 15.13 percent up from the end of 2016. 
    * Says the bank's CAR is 17.5 percent, without the 2017 
profit. 
Its NPL provision coverage stood at 70 percent. 
    * Says net loans - leasing included - represent 50.6 percent 
of 
the Group's assets.  
    * Horia Ciorcila, board chairman: "2018 will be a year of 
organic 
growth, integration of Bancpost in our business and the 
beginning of the replication of our business model across the 
border, in The Republic of Moldova, at Victoriabank." 
 
    Further company coverage:  ROTLV.BX  
($1 = 3.7372 lei) 
 
 (Reporting by Luiza Ilie) 
 ((luiza.ilie@thomsonreuters.com; +4021 305 5262; Reuters 
Messaging: luiza.ilie.thomsonreuters.com@reuters.net)) 
 
Keywords: BANCATRANSILVANIA RESULTS/