Banca Transilvania net profit reached 261 million RON in Q1 2020

Banca Transilvania Financial Group assets reached 96.6 billion RON at the end of the first quarter, and loans increased to 41.12 billion RON, a company report shows.

The consolidated net profit of Banca Transilvania Financial Group is 303.94 million RON, of which that of the bank is 261.00 million RON.

“We started the year strong, but after the first two months we started the rapid adjustment to the new reality and we focused totally on the support of customers, the economy, the authorities and the communities. We have a significant footprint in both the retail market and the SME market and we assume the role of supporting the economy. The bank is well prepared financially and as an internal organization to support our customers and the community,” said Ömer Tetik, CEO Banca Transilvania.