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Banca Transilvania sees 40% profit drop in Q1

Banca Transilvania, the largest bank in Romania by assets, reported its net profit dropped by 40% in the first quarter of the year (Q1) to RON 261 million (EUR 53.8 mln). The entire financial group Banca Transilvania reported a net profit of RON 304 mln (EUR 62.7 mln), also down 40% compared to the same period last year. "We had a strong start of the year, but, after the first two months, we had to quickly adapt to a new reality ...

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