Romania's Banca Transilvania Q1 net profit down to 307.52 mln lei

Banca Transilvania

06/05/2022 16:49

BUCHAREST, May 6 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX     
    * Says its net profit fell to 307.52 million lei ($65.80
million)
in the first quarter of 2022 from 581.26 million lei in the
first quarter of last year, while the overall Group's
consolidated net profit stood at 400.33 million lei. 
    * Says the bank's total assets amounted to 121.16 billion
lei at
the end of March, down from 126.06 billion lei in the same
quarter of last year. 
    * Says the bank's net interest income increased by 22%
compared to
the first quarter of 2021, backed by a rise in lending. 
    * Says the EBA non-performing exposures ratio was 2.91% as
of
March 31, 2022. The non-performing exposures coverage ratio
according to EBA standards was 179%.  
    * The bank's CAR, including the profit of the first quarter
was
21.23%.
    * Says will distribute 800 million lei, or about 45% of last
year's profit as dividends. 
    * "2022 came with macroeconomic turbulence, a complicated
regional
geopolitical situation, price increases and logistic problems,"
said Ömer Tetik, Chief Executive Officer of Banca Transilvania. 
"The bank's activity and income are above the forecasted levels
and above the budget, and the net result is in line with the
budget."

Further company coverage:  ROTLV.BX 
($1 = 4.6734 lei)

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