Romania's Banca Transilvania Q1 net profit up 48.7 pct y/y

Banca Transilvania

25/04/2018 07:29

BUCHAREST, April 25 (Reuters) - Romanian lender Banca
Transilvania  ROTLV.BX     
    * Says its net profit was 366 million lei ($96.11 million)
in the
first quarter, up 48.7 percent on the year, whereas Banca
Transilvania Financial Group's net profit amounted to roughly
389 million lei.
    * Says the BT Group's total assets amounted to 60.1 billion
lei at
the end of the first quarter, up 0.5 percent from the end of
2017.
    * Says its NPL provision coverage stood at 71 percent.
    * Says net loans represent roughly 51 percent of the Group’s
assets. 
    * Chief executive Omer Tetik: "It was an upright start for
the
year, with results as expected, focusing on the experience we
provide to customers in all our business segments. We have made
significant investments in network’s redesign and service
digitization."

    Further company coverage:  ROTLV.BX 
($1 = 3.8082 lei)

 (Reporting by Luiza Ilie)
 ((luiza.ilie@thomsonreuters.com; +4021 305 5262; Reuters
Messaging: luiza.ilie.thomsonreuters.com@reuters.net))