Romania's Banca Transilvania Q1 net profit down 40% y/y

Banca Transilvania

30/04/2020 07:36

BUCHAREST, April 30 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX     
    * Says its net profit was 261 million lei ($58.60 million)
in the
first quarter of 2020, down 40% percent on the year, with the
overall Group's consolidated net profit falling 40% to 304
million lei.
 
    * Says the bank's total assets amounted to 92.2 billion lei
at the
end of March, up 5.47% from the end of last year.
    * Says the EBA non-performing exposures ratio is 4.1% as at
March
31, 2020. The non-performing exposures coverage ratio according
to EBA standards is 104%: "If we add the collateral the coverage
ratio is at 128%."
 
    * The bank's CAR, without the 2020 profit, is 18.17% and
18.70% if
the profit is included.
    * "The bank is financially strong and has the right internal
infrastructure to assist its customers and the community. The
first quarter results underline this once again," said Ömer
Tetik, Chief Executive Officer of Banca Transilvania.

Further company coverage:  ROTLV.BX 

($1 = 4.4539 lei)

 ((radu.marinas@thomsonreuters.com))