Article: Raiffeisen Capital & Investment - Investment Daily Romania - Oct 29, 2009.

In the news

Banca Transilvania 3Q 2009 resultsBanca Transilvania (TLV) has reported its 3Q 09 results on a stand-alone basis which were way ahead of our and consensus estimates in terms of net profit. Thus, the bank reported a net profit of RON 37 mn, against our estimate of RON 19 mn and consensus (Reuters poll) of RON 13 mn. NIM for the quarter surged to 4.77% from 3.42% in 2Q 09, a level not seen for more then two years. NII was also help by an expanding loan book. The trading results were robust again, only 10% below the record of 2Q 09 but we do not have their decomposition. On the other hand, risk costs kept on rising to 487 bps, while the one-off from BT ...

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