TLV - Improvement in Q3 thanks to provision releases
Banca Transilvania reported a net income figure of RON 653 mln in the third
quarter up by 78% y-o-y and 82% q-o-q. Higher results were attributed to
better fees at RON 254 mln (+22% y-o-y and +9% q-o-q) stemming from client
transactions and provision releases to the tune of RON 146 mln which basically
explains the whole earnings improvement.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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