about us | newsletter | contact | archive | members area
Mihai Patrascu, evoMAG
Competition is beneficial to the end customer»

Banca Transilvania post lower profit in 2017

Banca Transilvania, the second-biggest bank in Romania, recorded a net profit of 258 million Euro in 2017, 3.4 per cent lower than in the previous year, according to the lender's preliminary financial results.

2018-02-15 14:09:27

Operational revenues also dropped by 4.6 per cent year-on-year, to 585 million Euro.

"We are glad that during 2017 we have maintained the bank's revenue and profitability on a growth path, which shows the trust of BT's clients in us. Cost control and efficiency enhancements remain principal targets for Banca Transilvania in the forthcoming period," said Omer Tetik, CEO Banca Transilvania.

Banca Transilvania granted almost 190,000 new loans last year in the total amount of 2.7 billion Euro. The deposits from customers increased by 17 per cent year-on-year, to 10.7 billion Euro.

There are 0 comments:

Validation Code

0 Comments  |  1083 Views
Daily Info
CTP appoints Andreea Odovinca as Chief Financial Officer for Romania

CTP has appointed Andreea Odovinca as Chief Financial Officer (CFO) for Romania. She will be responsible for ensuring the efficiency of financial functions, the quality of the...

AFI Europe Romania's CEO David Hay resigns

AFI Europe Romania announced a top management change. David Hay the CEO of the company for the last seven years announced his resignation and his intention to continue his pro...

Joint audits - an efficient alternative to avoid double taxation

Collaboration among tax authorities around the globe and transparency obligations are increasing. In addition to traditional information exchange under tax treaties and agreem...

Romania has the lowest cost for arable land in Europe, says Eurostat

Arable land was the cheapest in Romania out of all member states, with a hectare costing an average 1,958 Euro in 2016, according to Eurostat, the statistics office of the EU....

CFR Calatori appoints Leon Barbulescu as general manager

Leon Barbulescu has been appointed general director of CFR Calatori, replacing Iosif Szentes, according to the sources from the railway field.





More on News
Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel ...

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

1 Comment

President Iohannis: The Romanian society is mature and active and needs a state to match it

President Klaus Iohannis stated, on the occasion of the annual meeting with the heads of diplomatic missions accredited in Bucharest, that the Romanian society is a mature ...


PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take ove...

1 Comment

Iohannis: Romania's progress bound to stable legislation able to punish abuses

Romania's progress is inseparably bound to a coherent, stable legislation able to punish abuses and dishonesty, said President Klaus Iohannis, pointing out that the governm...


Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Ro...

President Iohannis meeting Juncker and Tusk in Brussels, modifications in Romanian justice among topics

President Klaus Iohannis is to meet on Wednesday, in Brussels, with President of the European Commission Jean-Claude Juncker and with President of the European Council Dona...

1 Comment