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.
“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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