Romania's Banca Transilvania 9-month net profit down 34.9% y/y

Banca Transilvania

13/11/2020 06:46

BUCHAREST, Nov 13 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX     
    * Says its net profit was 901.49 million lei ($218.81
million) in
the first nine months, down 34.9% percent on the year, whereas
Banca Transilvania Financial Group's consolidated net profit
amounted to 1.06 billion lei.
    * Says the BT Group's total assets amounted to 100.4 billion
lei
at the end of September.
    * Says the non-performing exposures ratio of Banca
Transilvania,
according to the EBA ratio, is 3.59% as of Sept. 2020. The total
coverage ratio according to the EBA standards is 124%.
    * The bank's CAR is 20.01% and 21.8% without and with the
profit
included.
    * "Although trends are less than favorable due to the
pandemic, we
remain optimistic and confident in the forthcoming recovery of
the economy. We aim at increasing the lending granted by BT, in
the most responsible and efficient way, supporting the economy
and the bank’s growth," said Omer Tetik, Chief Executive Officer
of Banca Transilvania.

    Further company coverage:  ROTLV.BX 
($1 = 4.1199 lei)

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