Banca Transilvania, 4 pc higher gross profit for the first 9 months of 2013

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Banca Transilvania’s (BT) gross profit for the first nine months of the year reached RON 284.50 million, a 4 percent increase as compared to last year’s equivalent period. The net profit as at 30.09.2013 was RON 240.24 million, a press release informs. These results rely on a continuous organic growth: +5 percent on the loan book, +3 percent operational income, +2 percent assets, +5 percent deposits from clients and 1.65 million active clients. “(…) Q3 was particularly good in terms of our lending activity, the RON 850 million growth versus end of last year, being booked mainly between July and September. (…)” Horia Ciorcila, BT’s Chairman declares. In accordance with the financial results as at 30.09.2013, BT’s operating income was 3 percent higher, i.e. RON 1,147.73 million – at the end of Q3 2013, as compared to the same period last year (RON 1,117.20 million). The positive result was generated especially by promoting lending in Q3, 2013. The number of operations through BT accounts grew by 7.34 percent in contrast to the same period last year. The number of active clients – individuals and companies, featured an ascending trend– from 1.56 million clients as at 30.09.2012, to almost 1.65 million clients as at 30.09.2013. Net impairment losses on financial assets reached RON 280.54 million, at the same level with the previous year. The Bank’s loan portfolio amounts to RON RON 18,416.62 million, 5 percent higher than at the end of 2012.