Romanian Banca Transilvania ends Q1 with higher gross profit

30 April 2015

Banca Transilvania, which became Romania’s second largest bank after taking over the local subsidiary of Austrian group Volksbank, ended the first quarter of the year with a gross profit of RON 177.19 million (almost EUR 40 million), up 43.4% year-on-year. The bank's shareholders also recently approved a EUR 94.7 million social capital hike, as well as a new share buy-back program for 0.77% of the bank's shares.

The bank’s operational income amounted to RON 548.2 million (EUR 123 million), 29% higher compared to the first three months of 2014, the bank has announced.

At the end of March 2015, the bank’s total assets amounted to RON 36.05 billion (EUR 8.11 billion), with a loan portfolio balance 1.7% higher than at the end of 2014. The total customer deposits increased by more than 0.5% compared to the same period.

In the first quarter of the year, Banca Transilvania granted 30,500 new loans to companies and retail clients, totaling RON 1.8 billion (EUR 405 million).

“Due to BT’s focus on cross-selling and the increase in non-credit product sales, the average income recorded with respect to active clients grew by almost 30% in Q1 2015 as compared to the similar period of last year, without higher costs for customers, whereas the cost-to-income ratio decreased by 11%”, said George Calinescu, Banca Transilvania CFO.

The loan portfolio balance reached RON 20.1 billion (EUR 4.5 billion) at the end of March while deposits from clients amounted to RON 30.19 billion (EUR 6.7 billion), resulting in a loan-to-deposit ratio of 66.9%.

Non-performing loans, with overdue payments above 90 days, represented 10.32% of Banca Transilvania’s credit portfolio end of Q1 2015.

The number of active clients, both individuals and companies, increased by 7.4% compared to the same period last year, from 1.78 million to 1.91 million clients.

The bank ended Q1 with with a portfolio of 2.36 million cards, generating transactions 17.34% higher than in the similar period of last year. The bank’s market share in terms of transaction volumes reached 17.9% while the credit card portfolio increased by 3%.

Irina Popescu, irina.popescu@romania-insider.com

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Romanian Banca Transilvania ends Q1 with higher gross profit

30 April 2015

Banca Transilvania, which became Romania’s second largest bank after taking over the local subsidiary of Austrian group Volksbank, ended the first quarter of the year with a gross profit of RON 177.19 million (almost EUR 40 million), up 43.4% year-on-year. The bank's shareholders also recently approved a EUR 94.7 million social capital hike, as well as a new share buy-back program for 0.77% of the bank's shares.

The bank’s operational income amounted to RON 548.2 million (EUR 123 million), 29% higher compared to the first three months of 2014, the bank has announced.

At the end of March 2015, the bank’s total assets amounted to RON 36.05 billion (EUR 8.11 billion), with a loan portfolio balance 1.7% higher than at the end of 2014. The total customer deposits increased by more than 0.5% compared to the same period.

In the first quarter of the year, Banca Transilvania granted 30,500 new loans to companies and retail clients, totaling RON 1.8 billion (EUR 405 million).

“Due to BT’s focus on cross-selling and the increase in non-credit product sales, the average income recorded with respect to active clients grew by almost 30% in Q1 2015 as compared to the similar period of last year, without higher costs for customers, whereas the cost-to-income ratio decreased by 11%”, said George Calinescu, Banca Transilvania CFO.

The loan portfolio balance reached RON 20.1 billion (EUR 4.5 billion) at the end of March while deposits from clients amounted to RON 30.19 billion (EUR 6.7 billion), resulting in a loan-to-deposit ratio of 66.9%.

Non-performing loans, with overdue payments above 90 days, represented 10.32% of Banca Transilvania’s credit portfolio end of Q1 2015.

The number of active clients, both individuals and companies, increased by 7.4% compared to the same period last year, from 1.78 million to 1.91 million clients.

The bank ended Q1 with with a portfolio of 2.36 million cards, generating transactions 17.34% higher than in the similar period of last year. The bank’s market share in terms of transaction volumes reached 17.9% while the credit card portfolio increased by 3%.

Irina Popescu, irina.popescu@romania-insider.com

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