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Banca Transilvania posts 366 million RON profit in Q1

Banca Transilvania registered a net profit of 366 million RON (78.7 million Euro) in the first quarter of this year, up 48.7 percent from the same period of 2017, due to rising operating fees and commissions, according to financial data released on Wednesday.

2018-04-25 11:44:59

During the first three months of 2018, Banca Transilvania granted 44,000 new loans to Retail, SME and Corporate clients.

"It was an upright start for the year, with results as expected, focusing on the experience we provide to customers in all our business segments. We have made significant investments in network's redesign and service digitization", said Omer Tetik, CEO, Banca Transilvania.

As at March 31, 2018 Banca Transilvania's counted a portfolio of 3.08 million cards, generating transactions almost 34 per cent higher compared to the similar period of the previous year. The bank's market share in terms of cards transaction volumes is over 20 per cent. BT has over 388,000 credit cards enrolled in the STAR loyalty program.



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