Romania's Banca Transilvania 2018 net profit at 1.22 bln lei

Banca Transilvania

27/02/2019 06:18

BUCHAREST, Feb 27 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX     
    * Says its net profit was 1.22 billion lei ($291.68 million)
in
2018, up 2.8 percent on the year, whereas Banca Transilvania
Financial Group's net profit amounted to 1.26 billion lei.
    * Says the BT Group's total assets amount to 77.9 billion
lei in
2018, 30.2 percent up on the year.
    * Says the bank's CAR excluding profit is 18.6 percent. 
    * Says will ask shareholders to approve distributing gross
cash
dividends worth 818.12 million lei, representing a gross
dividend per share of 0.17 lei.
    * Says: "In anticipation of a decision regarding the
additional
tax on bank assets, Banca Transilvania reiterates the idea that
the banks' capital and competencies have been built over time
and can be quickly lost without the proper investments. The
decrease of the available profit for capitalization will slow
down the development of the Romanian banking system and will
affect economic growth."
Further company coverage:  ROTLV.BX 

($1 = 4.1827 lei)

 (Reporting by Luiza Ilie)
 ((luiza.ilie@thomsonreuters.com; +4021 305 5262; Reuters
Messaging: luiza.ilie.thomsonreuters.com@reuters.net))