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Banca Transilvania post lower profit in 2017

Banca Transilvania, the second-biggest bank in Romania, recorded a net profit of 258 million Euro in 2017, 3.4 per cent lower than in the previous year, according to the lender's preliminary financial results.

2018-02-15 14:09:27

Operational revenues also dropped by 4.6 per cent year-on-year, to 585 million Euro.

"We are glad that during 2017 we have maintained the bank's revenue and profitability on a growth path, which shows the trust of BT's clients in us. Cost control and efficiency enhancements remain principal targets for Banca Transilvania in the forthcoming period," said Omer Tetik, CEO Banca Transilvania.

Banca Transilvania granted almost 190,000 new loans last year in the total amount of 2.7 billion Euro. The deposits from customers increased by 17 per cent year-on-year, to 10.7 billion Euro.



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