Banca Transilvania posts increase of 134 percent in operational profit in Q1

Banca Transilvania (BT) has posted an increase of 134 percent in its operational profit in Q1 2010 on the same period of 2009, to RON 216 million. The 47 percent rise in operational income was the result of an increase in incomes from lending margins and financial operations and from paying out less in loan interest. BT’s credit portfolio is stable, with the local currency being predominant. Its lending activity increased by 2.25 percent in Q1 of 2010, with a total volume of BT credits reaching RON 12,444 million at the end of March. “The first part of this year was not easy. But we adapted and believe that we found the opportunities that allowed us to grow in a prudent manner,” said GM Robert Rekkers.

Anda Sebesi