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September 20, 2019

Raiffeisen Bank posts 11.3 pc profit increase on local market

Raiffeisen Bank International posted for the first nine months of the year an after tax profit of EUR 81 M for its Romanian operations, up 11.3 pc from the EUR 72 M achieved in the similar interval of last year. The evolution was mainly driven by the increase of incomes from bank commissions and transactions, according to a report made public by the Austrian bank yesterday, quoted by Mediafax.
The operational income of Raiffeisen Bank International on the Romanian market slightly declined by 0.9 pc during the interval, from EUR 346 M to EUR 343 M. Incomes from interests diminished by 7.7 pc, from EUR 229 M to EUR 212 M, while earnings from commissions advanced by 7.9 pc, from EUR 109 M to EUR 118 M. The incomes from transaction operations soared from EUR 7 M to EUR 11 M, while the provisions for bad or problematic loans slightly rose from EUR 74 M to EUR 75 M and the bad loan ratio advanced from 10.3 pc to 10.8 pc.
The general administrative expenditures went up 3.2 pc, from EUR 194 M to EUR 200 M. The total assets posted by the Austrian bank for Romania advanced 3.7 pc, from EUR 6.09 bln to EUR 6.315 bln.
The report also reveals that the balance of loans and advance payments made to customers advanced by 4.2 pc, from EUR 4.21 bln to EUR 4.39 bln. The deposits attracted from customers soared 8.7 pc, from EUR 3.81 bln to EUR 4.14 bln. The credit/deposit ratio thus improved from 110.6 pc to 106.1 pc.

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