“The financial results registered by Raiffeisen Bank for the first six months are very good and show that the bank continued to consolidate its third position on the Romanian banking system. Two years ago we only wanted to become profitable, while now we have more targets in view. With the support of our shareholders, we will continue our development, focusing especially on the efficiency growth and improvement of the services’ quality standards”, Steven van Groningen, the president of Raiffeisen Bank stated.
The press release also points out that loans to customers granted by Raiffeisen Bank went up to € 1,391.1 million, registering an increase of 53% as compared to the same reporting period 2004. The bank also registered a growth in customers’ deposits, which rose by 84 % to € 1.683,7 million.
The excellent results obtained by Raiffeisen Bank were recognized by numerous foreign and Romanian publications. Global Finance magazine awarded Raiffeisen Bank “Best Bank in Romania” for two years in a row, 2004 and 2005.
Information on Raiffeisen Bank
Raiffeisen Bank is a universal bank providing a complete range of high quality products and services to individuals, SMEs and large corporations. The bank has more than 1.7 million retail customers (out of which more than 110.000 SMEs) and 3,800 large and medium-sized corporations. The bank services its customers via 206 banking outlets throughout the country. The net profit registered at the end of 2004 increased by six times as compared to December 2003, reaching € 28.1 million.
Raiffeisen Bank resulted from the merger of Banca Agricola-Raiffeisen and Raiffeisenbank (Romania) in June 2002. Raiffeisen International owns a 99.49% share in Raiffeisen Bank. Raiffeisen International is the steering unit for the subsidiaries of Raiffeisen Zentralbank Österreich AG (RZB) in Central and Eastern Europe (CEE). Its shares are traded on the Vienna Stock Exchange. Raiffeisen International operates the leading banking network in CEE with Network Banks and leasing companies in 16 markets. More than 5.7 million customers are served through more than 970 business outlets.
