Romania's Banca Transilvania Q1 net profit more than doubles y/y

Banca Transilvania

29/04/2021 16:40

BUCHAREST, April 29 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX     
    * Says its net profit more than doubled to 581.26 million
lei 
($143.01 million) in the first quarter of 2020, while the
overall Group's consolidated net profit jumped to 656.33 million
lei. 
    * Says the bank's total assets amounted to 106.5 billion lei
at
the end of March, up 3% from the end of last year.
    * Says the EBA non-performing exposures ratio was 3.73% as
of
March 31, 2021. The non-performing exposures coverage ratio
according to EBA standards wass 131%.  
    * The bank's CAR, including the profit of the first qaurter
was
23.82%. 
    * Says 1.9 million of its customers were digitized, a 79%
rise
from the same quarter of last year.
    * "We see encouraging signs, Romania's economy has recovered
well
during the first three months of the year, but the challenges
are still here," said Ömer Tetik, Chief Executive Officer of
Banca Transilvania. "BT operated with its engines running at
full speed during the first quarter of the year, translated in
the record number of loans granted."

Further company coverage:  ROTLV.BX 
($1 = 4.0646 lei)

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