Romania's Banca Transilvania Q1 net profit more than doubles to 675.9 mln lei

Banca Transilvania

05/05/2023 18:39

BUCHAREST, May 5 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX     
    * Says its net profit more than doubled to 675.9 million lei
($151.22 million) in the first quarter of 2023 from 307.52
million lei in the first quarter of last year, while the overall
Group's consolidated net profit stood at 837.7 million lei. 
    * Says the bank's total assets amounted to 139.9 billion lei
at
the end of March, up 4.5% on the year. 
    * Says the bank's net interest income increased by 27%
compared to
the first quarter of 2022, backed by a rise in lending. 
    * Says the EBA non-performing exposures ratio was 2.4% as of
March
31, 2023. The non-performing exposures coverage ratio according
to EBA standards was 196%.  
    * The bank's CAR, including the profit of the first quarter
was
19.86%.
    * "We are well capitalized - both through the incorporation
of the
previous year's profits and through the proceeds attracted from
the international markets through the recent bonds' issuance -
and we are ready to support the economy and the customers," said
Ömer Tetik, Chief Executive Officer of Banca Transilvania.
"Moreover, the consistent growth in deposits, new loans and of
our customer base shows once again our strong position on the
market."  

Further company coverage:  ROTLV.BX 
($1 = 4.4696 lei)

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