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June 17, 2021
BUSINESS

Banca Transilvania Q1 2017 net profit at 54 ml euro

Banca Transilvania posted a net profit of 246 million lei in Q1 2017, slightly up from the 228.5 ml lei reported in same period of the year before, Banca Transilvania Financial Group announced in a release.

The Group’s net profit amounts to 267 million lei.

The Group’s assets as at the end of Q1 2017 amounted to 52.1 billion lei, of which 51.9 billion for the bank, net loans representing 54 pct of the Group’s assets. The loan/deposit ratio at the end of Q1, 2017 was 73 pct.

Currently, over 820,000 clients use BT’s internet banking solution and almost 300,000 clients access BT products and services via mobile banking.

As at March 31, 2017, Banca Transilvania’s portfolio counted 2.9 million cards, generating transactions almost 23 pct higher relative to the similar period of the previous year. The bank’s market share in terms of card transaction amounts over 19 pct.

“We had a good start this year, with results according to our objectives and expectations. The outlook of Romania’s economic development encourages us to go on with our ambitious plans to grow and consolidate Banca Transilvania and the BT Financial Group. We take advantage of the opportunities on the local banking market and invest in digitization. At the same time, we will continue to focus on strengthening the relationship with our clients, on increasing our efficiency and the bank’s market value,” said Horia Ciorcila, Chairman of BT’s Board of Directors.

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