Banca Transilvania reports 676 million RON net profit for first quarter

Banca Transilvania announced its financial results for the first three months of the year: customer savings increased by 5 percent, new loans by 5.3 percent, the number of card transactions by 22 percent, while the number of customers increased by almost 50,000.

BT Financial Group’s assets reached 147.9 billion RON whereas net loans reached 67.8 billion RON. BT Group’s consolidated net profit amounts to 837.7 million RON, of which 675.9 million RON pertains to the bank. Subsidiaries and equity holdings contributed approximately 161.8 million RON to the BT Group’s profitability.

“We started the year strongly, by implementing our plan of growing the bank’s business and support the Romanian economy, despite the volatile and uncertain climate in both international and local financial markets. We are well capitalized – both through the incorporation of the previous year’s profits and through the proceeds attracted from the international markets through the recent bonds’ issuance – and we are ready to support the economy and the customers. Moreover, the consistent growth in deposits, new loans and of our customer base shows once again our strong position on the market. We are investing in people, technology, security and in our territorial network, and we plan to increase our market share”, declares Ӧmer Tetik, Chief Executive Officer, Banca Transilvania.