Banca Transilvania confirms brokers' expectations

Banca Transilvania made 137bn lei in gross profit in the first four months of the year, twice the amount registered in the same time in 2000.

The bank’s assets on April 30 reached 3,560.17bn lei, against 2,948.37bn lei late last year. Total revenues over this period amounted to 478bn lei, 80% higher than those registered in the first four months last year, while total expenses reached 340bn lei, up 70% since the same time in 2000.

The announcement of Banca Transilvania’s financial results on Friday afternoon did not have enough time to get to the capital market, so that the share price in the last trading session of last week kept within the usual fluctuation, that is 1,590 lei/share and 1,600 lei/share.

The total value of transactions concluded for this stock on Friday reached over 810 million lei.