Banca Transilvania (BT) had a net profit of RON 320.43 M last year, 40 pc higher than in 2011, its assets increased by 15 pc to RON 29.57 bln and the balance of provisions by 27 pc, the bank announced yesterday. “(…) The increase in the number of active customers, correlated with historic peaks of the number of operations and the good performance of our business lines strongly consolidated our position in the market. We will propose our shareholders a capitalisation of the profit, so we can continue the growth of the bank and the support of the economy,” the Chairman of the Board, Horia Ciorcila mentions in a press release. He added that, in 2013, the bank will continue to focus on optimising its business model, increasing its efficiency and strictly controlling risks. The operational profit of Banca Transilvania advanced by 9 pc, to RON 720.2 M, from RON 659 M in the previous financial year. The net expenses with provisions for assets, other debts and credit commitments amounted to RON 379.4 M, compared to RON 380.8 M in 2011. Last year, the sum of RON 368.1 M was 13 pc higher than RON 324.5 M in 2011. “The loan portfolio of Banca Transilvania is stable, preponderantly in RON, and the balance has a surplus of RON 17.151 bln. Over 64 pc of the loans granted by BT went to companies and 35.8 pc to individual customers. Bad loans with delays of more than 90 days account for 11.31 pc of the bank’s total portfolio of loans,” reads the communiqué.