Raiffeisen Bank Romania’s reported profit up 16 pc in 2013


Austrian group Raiffeisen Bank International (RBI)’s profits in Romania after the payment of taxes went up by 15.8 percent from EUR 86 million in 2012 to EUR 100 million last year, as a result of smaller tax income payments. Revenues prior to the payment of taxes had gone up by 3.1 percent from EUR 101 million in 2012 to EUR 104 million last year, an RBI report shows. The company’s operating income went up by close to 1.7 percent in the same period, from EUR 458 million to EUR 465 million. Net revenues from interest rates dropped by 7.2 percent to EUR 281 million, while net tax and commission collections went up by 18 percent to EUR 168 million. Net revenues resulting from trading operations went up by 50.8 percent from 2012 to 2013, reaching EUR 14 million. Provisions on non-performing loans in operations conducted in Romania went up by 9.1 percent from EUR 5.98 billion in 2012 to EUR 6.53 billion last year. Raiffeisen Bank International’s total assets in Romania went up by 9.1 percent from EUR 5.98 billion in 2012 to EUR 6.53 billion last year. The credit balance went up by 1 percent from EUR 4.23 billion to EUR 4.27 billion, whereas deposits went up by 15 percent from EUR 3.78 billion in 2012 to EUR 4.34 billion in 2013. The bank’s number of Romanian branches also went up by 530 units last year compared to 527 units the year before, and the number of employees dropped from 5,486 to 5,308.

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