Romanian lender Banca Transilvania sees 18% increase in profit

14 November 2017

Banca Transilvania, the second largest lender in Romania based on assets, recorded a net profit of RON 780 million (EUR 167.7 million) in the first nine months of this year, up 18% year-on-year.

The bank’s assets amounted to RON 54.9 billion (EUR 11.8 billion) at the end of September.

Its loan portfolio reached RON 29.9 billion (EUR 6.4 billion), up 10% compared to the end of 2016. Total customer deposits increased by 7% compared to the end of 2016 to RON 44.9 billion (9.6 billion). Banca Transilvania granted over 138,000 new loans, worth over RON 9 billion (EUR 1.9 billion), to individuals, small and medium-sized companies or corporate customers.

Banca Transilvania financial group, which includes the bank's operations as well as the activities of the other subsidiaries, posted a profit of RON 829 million (EUR 178.2 million) in the first nine months of this year, up 18% year-on-year.

The lender is in the process of acquiring local bank Bancpost. The deal should be completed by the end of this month.

editor@romania-insider.com

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Romanian lender Banca Transilvania sees 18% increase in profit

14 November 2017

Banca Transilvania, the second largest lender in Romania based on assets, recorded a net profit of RON 780 million (EUR 167.7 million) in the first nine months of this year, up 18% year-on-year.

The bank’s assets amounted to RON 54.9 billion (EUR 11.8 billion) at the end of September.

Its loan portfolio reached RON 29.9 billion (EUR 6.4 billion), up 10% compared to the end of 2016. Total customer deposits increased by 7% compared to the end of 2016 to RON 44.9 billion (9.6 billion). Banca Transilvania granted over 138,000 new loans, worth over RON 9 billion (EUR 1.9 billion), to individuals, small and medium-sized companies or corporate customers.

Banca Transilvania financial group, which includes the bank's operations as well as the activities of the other subsidiaries, posted a profit of RON 829 million (EUR 178.2 million) in the first nine months of this year, up 18% year-on-year.

The lender is in the process of acquiring local bank Bancpost. The deal should be completed by the end of this month.

editor@romania-insider.com

Normal
 

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