Romania’s Banca Transilvania [BSE:TLV] said its net profit rose by 25.5% year-on-year in the first nine months of 2018, reaching 979 million lei ($236 million/210 million euro), according to SeeNews.com.
“We are pleased that we have been able to combine the organic growth and the profitability with a rapid integrating process of the Bancpost business and customers. Our priority was and remains the customer experience with regard to our banking services, combined with the financial support to the economy. This is why we focused on the responsible business growth and on investments in technology and digitalization,” Banca Transilvania’s CEO Omer Tetik said in a statement
The bank’s operating income rose 17% on the year to 2.42 billion lei in the first nine months of 2018.
At the end of September the bank’s assets totalled 64.7 billion lei, up 9% year-on-year.
Net loans increased to 32.5 billion lei in the first nine months of 2018, up 8.7% on the year. During the review period, the bank granted over 155,000 new loans to individuals, SMEs and corporate customers.
Deposits from customers rose 7% year-on-year to 52 billion lei in the nine months through September. The bank’s loan-to-deposit ratio stood at 66% at the end of September.
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