In the first quarter of this year the net profit of Romanian Transilvania Bank (BT) rose 73 percent year-on-year to RON 91.8 m. Operational income rose by 12 percent to RON 393 m (€90.9m), while expenses rose 17 percent to RON 200 m (€46.2 m) in the first three months. Cost to income ratio stood at 49 percent.
The lender’s net interest income rose by 4 percent y-o-y to RON 235 m (€54.5m), while net commission income was up 10 percent over the period to RON 98.4 m (€22.7m) and trading income rose by 31 percent y/y to RON 39m (€9.1m).
BT’s assets rose by 4 percent to RON 26.9 bn (€6.2 bn). Its solvency rate stood at 12.73 percent, above the central bank’s requirements.
