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Banca Transilvania Group reports 30 pct rise in net profit in Q1 2019

Banca Transilvania Group, the largest financial group in Romania, closed the first quarter of 2019 with a net profit of RON 507.5 million, a 30.5 percent increase compared to the same period of last year. Assets grew by 2.3 percent from the end of 2018, to RON 79.7 billion. Banca Transilvania acquired Bancpost and two other non-banking companies from Eurobank group in April 2018, therefore the Q1 2018 financial report does not contain this expansion. ...

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