Raiffeisen Bank ended last year with a 74 million-euro netprofit according to international financial reporting standards,with the doubling of loan-loss provisions generating a 55% declineon the record earnings posted in 2008.
Calculated in line with the Romanian accounting standards(RAS), the net profit amounted to 68 million euros (287 millionRON). This places Raiffeisen second on the market in terms ofprofit calculated according to Romanian standards, after BRD, with792 million RON, and ahead of BCR, the market leader in terms ofassets, with 237.97 million RON. UniCredit, the sixth-largest bankin terms of assets, posted a 236 million-RON profit.
In terms of assets in its local balance sheet, Raiffeisen fellto no. 7 on the market, with 4.69 billion euros, after havingoutsourced 1.5 billion euros in loans.
"Only in such difficult times does a differentiation betweenbanks occur. You can have a big market share in terms of assets,but much smaller in terms of profit, or you can even step into thered. We have a rather big market share in terms of assets and arather good solvency ratio, of 14.2%, so we don't need a capitalincrease," said Steven van Groningen, chairman of the bank.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
