Reuters: Banca Transilvania 9-month net profit 18.7 pct up y/y

Romanian lender Banca Transilvania says its net profit was 780 million lei ($195.59 million), whereas Banca Transilvania Financial Group’s net profit amounted to 829 million lei, for the first 9 months of 2017, according to Reuters.

The bank’s net profit rose 18.7 percent on the year. The BT Group’s net profit rose 18.9 percent on the year. The BT Group’s total assets after the first nine months of the year amount to 55.1 billion lei, 6.1 percent up from the end of 2016.

The bank’s CAR is 17.95 percent, without the profit of the first nine months of the year. Also, the number of transactions carried out via BT in the first 9 months of 2017 went up by 19 percent, and the net operating income increased by 15 percent from the first 9 months of 2016, considering services at lower costs, as compared to the previous year.

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