Romania's Banca Transilvania net profit up 22.17% y/y in 2022

Banca Transilvania

24/02/2023 17:58

BUCHAREST, Feb 24 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX     
    * Says its net profit was 2.18 billion lei ($467.64 million)
in
2022, up 22.17% on the year, whereas Banca Transilvania
Financial Group's consolidated net profit amounted to 2.49
billion lei.
    * Says the BT Group's total assets amounted to 140.5 billion
lei
at the end of December, up 6.0% on the year.
    * Says the non-performing exposures ratio of Banca
Transilvania,
according to the EBA ratio, is 2.44% as of Dec. 2022. The total
coverage ratio according to the EBA standards is 195%.
    * The bank's CAR, including the profit of the year was
21.62%.
    * Says will propose to the Board of Directors that over 900
million lei of the 2022 profit be allocated for the bank's
capitalization, with the remaining part being allocated to
reserves from retained earnings.  
    * "2022 has been a very complicated year, marked by the war
in
Ukraine and multiple economic uncertainties, caused by inflation
and by the energy crisis," said chairman Horia Ciorcila.
"Despite this difficult context, Romania's economy has weathered
this period well."

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