Romania's Banca Transilvania 2019 net profit up 33% y/y

Banca Transilvania

27/02/2020 06:01

BUCHAREST, Feb 27 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX     
    * Says its net profit was 1.62 billion lei ($366.37 million)
in
2019, up 33% percent on the year, with the overall Group's
consolidated net profit up 46.6% to 1.84 billion lei. 
    * Says the bank's total assets amounted to 87.4 billion lei
at the
end of December, up 18% on the year.
    * Says the bank's board of directors decided on Wednesday to
propose to the shareholders the distribution as cash dividend of
around 60% of the 2019's distributable retained earnings.  
    * Says the non-performing exposures ratio of Banca
Transilvania,
according to the EBA ratio, is 4.36% as of Dec. 2019. The total
coverage ratio according to the EBA standards is 98%.
    * The bank's CAR is 17.7% without and 21.2% with the profit
included.
    * Banca Transilvania chairman Horia Ciorcila: "During 2020,
we
will continue investments in innovation to enhance the quality
of our services to clients. We will continue to grow the role of
our business in economy, we pay attention to market challenges
and opportunities."

Further company coverage:  ROTLV.BX 
($1 = 4.4217 lei)

 (Reporting by Luiza Ilie)
 ((luiza.ilie@thomsonreuters.com; +4021 527 0312; https://www.reuters.com/journalists/luiza-ilie))