BUSINESS COMPANIES ECONOMY FINANCE&BANKING

Raifeissen Bank Romania posts 48 million euros H1profit, up by 6pct

Raiffeisen Bank Romania has recorded a net profit of 48 million euros in the first half of 2015, up by 6pct year-on-year, a press release sent by the bank to Agerpres on Wednesday reveals.
During the first six months of 2014, Raiffeisen Bank Romania had recorded a net profit of 45 million euros.
According to the bank, the total value of its assets totaled 6.48 billion euros, up by 9pct compared to June last year, when the value was 5.94 billion euros.
The total volume of credits went up by 8pct year-on-year to 4.14 billion euros. Deposits followed a similar trend and went up by 8pct, to 4.67 billion euros, so that the balance between credits and deposits currently stands at 89pct, constant compared to June 2014.
Net provisions expenditure went down by 32 million euros from 40 million euros in the first half of 2014.
The rate of non-performing loans went down from 8.2pct in June 2014 to 7.2pct.
The banks’ revenues went down by 2pct year-on-year, to 215 million euros.
Raiffeisen Bank provides services to some 2 million private clients, 100,000 SMEs and 7,800 companies. Halfway through 2015, the the bank’s network consisted of 513 units (compared to 528 in June 2014), over 1,100 ATMs and approximately 13,400 EPOS.
In June 2015 the bank had 5,349 employees, compared to 5,478 in June 30, 2014.
The Austrian Group Raiffeisen Bank International AG (RBI) owns 99.49pct of Raiffeisen Bank SA shares and is present in 15 markets in the region via subsidiaries, leasing companies and other financial services.

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