Banca Transilvania net profit up 17 pc in 2013

Banca Transilvania (BT) ended 2013 in RON 443.1 M worth of gross profit, up by 30 per cent from the one it reported in 2012, while the net profit amounted to RON 374.9 M, marking a 17 percent rise, a press release informs. BT’s assets totalled RON 32.066 bln at end-December 2013, the credit balance had gone up by 9 per cent and the total resources attracted by the bank from the clients had grown by 11 percent as compared to end-2012. Both such increases were higher than the levels set in the budget, BT stressed. BT credit balance stood at RON 19.160 bln at end-2013, while the resources attracted from the clients totalled RON 25.804 bln, with the credit-to-deposit ratio being of 74.25 per cent. As regards new lending, the bank extended more than 25,000 such loans in the last quarter of 2013, both to individuals and companies; such lending amounted to RON 3.179 bln. The bank also saw the number of its active clients – individuals and companies – rise from 1.67 million at end-2012 to 1.76 million at end-2013. Banca Transilvania focused on the retail clients and small and medium-sized businesses as well as on specialised brackets, agriculture and the medical sector.

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