September 23, 2018

Raiffeisen Bank sees profit on local market go up 11.3 %

For the first nine months of the year Raiffeisen Bank International posted an after tax profit of EUR 81 M for its Romanian operations. That is up 11.3 % 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. The operational income of Raiffeisen Bank International on the Romanian market slightly declined by 0.9 % during the interval, from EUR 346 M to EUR 343 M. Incomes from interests diminished by 7.7 %, from EUR 229 M to EUR 212 M, while earnings from commissions advanced by 7.9 %, 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 % to 10.8 %.
Source: Nine o’clock () Einen bachelor in hotel- und restaurantmanagement

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