The annualized profit rose 13.1% year-on-year, to RON2.7 billion (EUR0.6 billion) in the first half of 2017.
The non-performing loan (NPL) ratio kept declining in June, by 0.72 percentage points month-on-month, and by 2.98 percentage points year-on-year, to 8.32%, in convergence toward the record low in 2009.
”Statistics released by the central bank point to a continuous trend of improving the performance of the banking sector in the first half of 2017, an evolution impacted by a positive macro-financial climate and by continuing efforts to restructure non-performing assets,” said Banca Transilvania chief economist Andrei Radulescu.