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January 24, 2022
BUSINESS

Raiffeisen Bank, EUR 60 M net profit in H1

Raiffeisen Bank concluded the first six months of 2013 with a net profit of EUR 60 M, a 20 per cent increase compared to June 2012 (EUR 50 M), according to a press release. The bank’s total assets amounted to EUR 5.59 bln, decreasing slightly (-1 per cent) compared to June 2012 (EUR 5.64 bln).
Compared to the same period of the previous year, total loans increased by 6 per cent to EUR 3.6 bln, while deposits increased by 8 per cent to more than EUR 4 bln. The Loans to deposits ratio currently stands at 89 per cent (against 91 per cent in June 2012).
“We ended the first semester of 2013 with a very good result, taking into consideration that the economic environment is recovering, although very slowly. We proved the soundness of our business model under these economic conditions, and I am very pleased with the bank’s performance. For the second half of the year, we will continue to exert a strict control on costs and risks, improve processes and operations where we can and consolidate the relationship with our 2 million customers”, said Steven van Groningen, President &CEO of Raiffeisen Bank.
Raiffeisen Bank’s capital base ratio was 14.2 per cent at the end of the first semester 2013, while its ROE was 19 per cent. Net provisioning for impairment losses decreased slightly to EUR 36 M, compared to EUR 38 M at the end of the first semester in 2012. On the other hand, the NPL ratio remained relatively constant to 8 per cent (7.2 per cent to June 2012). The bank’s customer base remained constant in 2013, at approximately 2 million individuals, 100,000 SMEs and 7,500 companies. At half-year 2013, Raiffeisen Bank’s network comprised 525 outlets (compared to 539 in 2012), 1,100 ATMs and approximately 11,000 EPOS. At the end of June the Bank had 5,116 employees, compared to 5,707 as of June 30, 2012.

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