The Long-Term Foreign-Currency IDR has been upgraded to ‘BB+’ from ‘BB’, with stable outlook, the Short-Term Foreign-Currency IDR has been affirmed at ‘B’ and the Viability Rating has been upgraded to ‘bb+’ from ‘bb’.
Banca Transilvania, the second largest bank on the Romanian market by assets, reported a net profit of RON366 million (EUR78 million) in the first quarter of 2018, up 48% from the year-earlier period.
Banca Transilvania has approximately 2.5 million active customers and 55% Romanian capital. Its shareholding structure includes more than 28,000 Romanian natural persons.