5 Martie 2009

Raiffeisen Bank Romania reports record annual profit, up 75.6%



Raiffeisen Bank recorded after-tax profit of 165 million euros, up 75.6% from a year earlier, according to International Accounting Standard Board, unaudited and unconsolidated.

Profit before taxes stood at roughly 196 million euros, versus 116 million euros a year earlier.

The bank’s total assets increased to 4.56 bln euros, increasing by a wide margin from 4.4 bln euros reported in December 2007.

Loans to clients exceeded 2.67 bln euros, up 14% from prior year. The bank’s deposit portfolio topped 3.65 bln euros.



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