Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS


Banca Transilvania posts 28 pct higher H1 net profit

Banca Transilvania (BT) reported a mid-year consolidated net profit of 848 million lei, up 28 percent YoY, while the net profit of BT Financial Group was 942.36 million lei, up from 864.6 million lei one year ago, show the bank's financial results released on Wednesday by the Bucharest Stock Exchange (BVB).

According to the financial statement, the assets of BT Group amounted to 81.6 billion lei as of June 30, while the operational efficiency stays at 45.87 percent.

BT's assets amount to 77.73 billion lei and the bank's liabilities stand at 70.01 billion lei; BT Group liabilities are 73.29 billion lei.

In the reporting period the bank has granted over 100,000 corporate and retail loans, and the aggregate value of loans increased to 39.3 billion lei.

Deposits of BT customers reached 67.4 billion lei in H1, of which individuals' savings account for 47.2 billion lei and those of legal entities - for 20.2 billion lei.

The net interest income at Group level jumped from 1.276 billion lei in H1 2018 to 1.512 billion lei this year.

It was a dynamic period, with growing volumes, which allowed us to obtain good revenues while keeping fees low. The growth pace for deposits, loans and operations shows the confidence of individual and SME clients in BT. The results of the first semester prepare the ground for the big plans we have for the next period, said Banca Transilvania CEO Ömer Tetik.

In January 2019 Fitch Ratings reaffirmed Banca Transilvania's long-term issuer default rating at 'BB +', with a stable outlook, as well as its viability rating at 'bb +'.