In 2013, the bank posted a pretax profit of RON443.1 million, 30% higher on the year.
Banca Transilvania expects its operating income will rise 7.1% to RON1.77 billion in 2014, from around RON1.66 billion in the previous year. Operating costs growth is projected to slow to 3.2% to RON835 million, compared to a 5% annual increase in 2013.
Operating profit is estimated to increase 11% to RON942 million.
Total assets are seen at RON34.35 billion at the end of 2014, up 7% from RON32.01 billion in December last year.
Banca Transilvania expects it will book provisions worth RON430 million this year, up from RON407.4 million in 2013.
Loans and deposits are estimated to increase by 9% each to RON20.86 billion and RON28.13 billion, respectively.
Banca Transilvania has a widespread ownership, with European Bank for Reconstruction and Development holding a 14.61% stake, followed by Bank of Cyprus with 9.7%.
At around 3:00 pm Tuesday, Banca Transilvania’s shares traded slightly up at RON1.726 in Bucharest. (EUR1=RON4.4629)