Banca Transilvania profit up 40% in H1 - Azi

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Although it revealed a rising profit in the first half, Banca Transilvania could not stop its shares from going down on Tuesday.

It posted 111.4m-RON (30.3m-euro) net profit, 40% higher than in the same time last year. Impact on the Stock Exchange: shares were down 1.5%, though they did rebound by 3.63% on Wednesday."The trend of shares proves how illogical the market is being now. The fact that figures were published so soon points to a certain despair of the bank"s management, after the stock...

Read the whole story in: Ziarul Financiar