Romania's Banca Transilvania net profit falls 26.2% y/y

Banca Transilvania

25/02/2021 16:13

Feb 25 (Reuters) - Romanian lender Banca Transilvania
 ROTLV.BX     
    * Says its net profit was 1.2 billion lei ($301.01 million)
in
2020, down 26.1% on the year.
    * Says the BT Group's total assets amounted to 107.5 billion
lei,
17.2% up on the year.
    * Says the non-performing loans rate is 3.46% as of December
31,
2020, and the coverage with total provisions of the
non-performing exposures is 133%, according to the EBA
indicator. The bank's CAR is 19.94% (profit for the year
excluded) and 22.23% (profit for the year included).
    * "We have ended an atypical, unprecedented year and we are
satisfied that our results exceeded the conservative forecasts
of the initial budget," said Horia Ciorcila
chairman of the Board of Directors.
Further company coverage:  ROTLV.BX 


($1 = 3.9866 lei)

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