News » August, 2012 » 2 August 2012
The profit of Banca Transilvania grew 47%
02.08.2012, 00:00 | Finance-Banks | 1021 views
In the first semester, Banca Transilvania (BT) saw a net profit of 179.62 million lei, up 47% YOY, according to a report by the lender. In the first semester, the gross profit of BT was 193.22 million lei, up 28.6% compared to the end of June 2011. The operating revenues climbed 12% between June 2011 - June 2012, to 772.16 million lei, due to the 21% increase of revenues from financial operations, 10% of net commission revenues, and 7% of net interest revenues, according to the press release. The operating expenses of the bank also grew to 414.58 million lei, at the end of the first quarter, compared to 354.75 million lei, during the corresponding period of last year. The increase was caused by the expansion of activity, as well as by the 20% increase in employee costs, due to the payout of performance bonuses, the bank's officials explain. Read more on Bursa.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
