Romanian Banca Transilvania's 2013 Profit Up 17% on Loans
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Banca Transilvania SA, Romania’s second-biggest publicly-traded bank, said its 2013 profit rose 17 percent from a year earlier on lending growth.
Net income increased to 375 million lei ($114 million) last year from 320 million lei in 2012, the Cluj-Napoca, Romania-based bank said in a regulatory statement today. Pretax profit rose 30 percent to 443 million lei after operating revenue advanced 12 percent on higher interest income.