BT posts 15m-euro net profit in H1

Banca Transilvania (BT) made a net profit of more than 52 million RON (nearly 15 million euros) in the first half, an increase of 85% on the same time last year. The bank”s assets rose by 40% in the fist six months to a total of 3.65bn RON (slightly more than one billion euros). Of its total assets, nearly 58% are in the form of loans, amounting to 2.1bn RON (0.6bn euros). The bank says its loans in RON account for just over 50% of its total credits granted. “The unprecedented growth of customer base, the constant development of our territorial network and product base, the improved results of the subsidiaries belonging to Grupul Financiar Banca Transilvania (BT Financial Group), the broadening of the range of services they are providing, and the improvement of the macroeconomic climate, all lead us to believe that BT will continue developing in the future at the same fast pace,” said Robert Rekkers (photo), BT”s general manager. ZF