The profit is calculated in conformity with international financial reporting standards and includes the results of the other divisions of Raiffeisen Group in Romania – Raiffeisen Leasing, Raiffeisen Housing Bank and Raiffeisen Capital & Investment.
The return on equity (ROE) after taxes reached 21.8 per cent.
In 2005 the bank invested €28 mn in IT systems, in extending the network and in equipment.
The number of local offices rose to 216, as plans target the opening of another 40 units this year.
The main shareholder, Raiffeisen International, announced in its annual report that the Raiffeisen Bank Romania assets went up by 45.2 per cent last year, to €3.02 bln, making the institution the third largest in Romania in this respect.
Late last year, the bank had two million individual customers. Credits granted to households amounted to €516 mn, up 90 per cent, while deposits picked up 54 per cent, reaching €517 mn.
The one million banking card threshold was outdid last year. As for SMEs, credits granted by the bank to such customers amounted to €147 mn, up 70 per cent, while deposits rose 66 per cent to €254 mn.
The number of corporate customers increased by 20 per cent, to 3,100, in
spite of the difficult economic conditions, reads the report.
