Banca Transilvania net profit rises to RON 375mln in 2013

Newsroom 13/02/2014 | 12:00

Banca Transilvania  Thursday said its net profit rose 17% to 374.9 million lei (EUR83.7 million) in 2013, on higher revenue from lending. The fourth quarter of 2013 saw the bank extended 25.000 new loans, worth a total RON 3.2 billion, writes MEDIAFAX.

“The September-December period was one of the best quarters for the bank’s lending portfolio in the last years,” the bank’s Chairman Horia Ciorcila said in a statement.

Overall for 2013, the bank reported a 9% increase in loans to RON 19.2 billion. The lender’s operating income rose 12% on the year to RON1.66 billion. Net interest income increased 27.3% to RON1.2 billion, but net income from fees and other commissions fell 14.8% to RON361 million.

“The bank’s positive results in 2014 was supported by our initiatives to increase efficiency, including cost control, which lead to a three-point improvement of our expenses/income balance, which reached 48.7%”, the bank release showed.

The bank’s solvency reached 13.77 percent, given the accumulated profit over the year.

BR Magazine | Latest Issue

Download PDF or read online: July 2023 Issue | Business Review Magazine

The July 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “At a Crossroads: Budget Deficit Endangering Romania’s Economic
Newsroom | 31/07/2023 | 14:14

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of

    I agree with the storage and handling of my data by

    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue