Romania's Banca Transilvania 9-month net profit jumps 41.5% y/y

Banca Transilvania

14/11/2019 08:31

BUCHAREST, Nov 14 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX     
    * Says its net profit was 1.39 billion lei ($321.85 million)
in
the first nine months, up 41.5% percent on the year, whereas
Banca Transilvania Financial Group's consolidated net profit
amounted to 1.57 billion lei.
    * Says the BT Group's total assets amounted to 86.4 billion
lei at
the end of September, up 10.9% from the end of 2018.
    * Says the non-performing exposures ratio of Banca
Transilvania,
according to the EBA ratio, is 4.49% as of September 30, 2019.
The total coverage ratio according to the EBA standards is 96%.
    * The bank's CAR is 18.12% without and 21.10% with the
profit
included.
    * “We continue to channel our efforts on financing the
Romanian economy, on enhancing our customers’ experience, on
operational efficiency, while investing in technology. We’ve had
a good quarter, with lending, transactions and
operational growth,” said Ömer Tetik, Chief Executive Officer of
Banca Transilvania.

    Further company coverage:  ROTLV.BX 

($1 = 4.3188 lei)

 (Reporting by Radu Marinas)
 ((radu.marinas@thomsonreuters.com; +40 21 527 04 33; Reuters
Messaging: radu.marinas.thomsonreuters.com@reuters.net))