Raiffeisen profit in Romania down 27.5 percent in Q1 2014

Newsroom 22/05/2014 | 11:42

Raiffeisen Bank International (RBI) posted a first-quarter profit of EUR22 million in Romania, after tax, down 27.5 percent from EUR30 million in the first quarter of 2013.

Pre-tax earnings dropped 30 percent, from EUR 36 million to EUR 25 million. Operational income decreased slightly by a margin of 2.8 percent, from EUR 115 million in the first quarter of last year to EUR 112 million in the same period this yer.

Net income from interest rates are down 6 percent on year, to EUR 67 million, and net income from taxes and commissions are up 4.3 percent to EUR 38 million. Income obtained from transactions dropped 7 percent to EUR 6 million.

Raiffeisen managed to reduce its administrative expenses by 2.3 percent in Q1, from EUR 65 million to EUR 63 million. Provisions for bat loans are up 21 percent, from EUR 21 million in Q1 2013 to EUR 26 million.

RBI assets in Romania are down 4 percent, from EUR 6.53 billion in december to EUR 6.26 billion at the end of march. The credit balance increased 1.2 percent to EUR 4.32 billion, while deposits decreased 5 percent in this interval, from EUR 4.34 billion to EUR 4.13 billion.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Newsroom | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue