Raiffeisen Bank Romania, the native subsidiary of the Austrian group Raiffeisen Bank Worldwide, reported its after-tax revenue shrunk by 27% year-on-year to RON 280 million (EUR 57.eight mln) within the first half of the yr.
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“I’m happy that, regardless of the unprecedented scenario we’re in, the bank’s revenues elevated within the first half of 2020, reaching about RON 1.three billion (EUR 269 mln), 2% greater than within the first half of 2019. The expansion fee of loans internet (4% year-on-year) was an vital think about sustaining the bank’s revenue on an upward development,” stated Steven van Groningen, President & CEO of Raiffeisen Bank.
“Some plans have certainly modified, and a few have been postponed – such because the deliberate alternative of the cellular banking purposes. Nonetheless, on the digital aspect, we’ve got accelerated rather a lot, and we’ve got had spectacular evolutions: a progress of 80% within the variety of transactions made via on-line purposes, a rise of virtually 20% within the variety of prospects utilizing digital companies (year-on-year). Debit card funds have elevated by greater than 80%, whereas the variety of on-line funds to suppliers has doubled,” he commented.
The bank’s whole property reached RON 46.1 bln (EUR 9.5 bln) on the finish of June, up 7% in comparison with the top of the primary half of 2019.
The stock of loans granted by the bank reached RON 28.5 bln (EUR 5.9 bln), 4% multiple yr earlier. Buyer deposits rose sharply to RON 38.Four bln (EUR 7.9 bln), up 15% year-on-year.
Working revenues edged up by 2% to RON 1.three bln (EUR 269 mln).
The non-performing loans ratio on the finish of June was 4%, barely down from 4.2% in June 2019.
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