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September 25, 2021

Raiffeisen’s profit in Romania, EUR 22 M in Q1

The after-tax profit of the Austrian group Raiffeisen Bank International in Romania went down by 27.5 percent over the first quarter from EUR 30 million in the first three months of last year to EUR 22 million, following the higher provisions and the decline of the operational revenues, reads a report of the Austrian group.
The revenues before taxes reported a decline of almost 30 percent over this period, from EUR 36 million to 25 million. The operational revenues reported a slight downfall of 2.8 percent from EUR 115 million in the first quarter of last year to EUR 112 million this year. The net revenues from interests went down by 6 percent over the first quarter to EUR 67 million, and the net profits from taxes and fees went up by 4.3 percent to EUR 38 million. The net earnings from trading operations witnessed a 7 percent decline to about EUR 6 million. The provisions created for non-performing loans went up by 21 percent from EUR 21 million over the first three months of last year to EUR 26 million.
The loans advanced 1.2 percent compared to the end of last year, from EUR 4.27 billion to EUR 4.32 billion. The deposits reported a decline of 5 percent during this interval, from EUR 4.32 billion to EUR 4.13 billion.
The number of Raiffeisen branches in Romania stood still compared to December, to 530 units, whereas the number of employees, of 5,329, remained also almost the same compared to the end of last year.

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