Raiffeisen, which last year regained its third position amongtop banks in terms of assets, in 2010 continued to sell retail andcorporate loans from its balance sheet, both to secure a cash flow,and for portfolio optimisation, transferring to two Dutch vehiclesreceivables worth over 33m euros.
The bank thus took out of its portfolio retail loans equivalentwith 12.5m euros and corporate loans worth about 20.8m euros, withthe sums being less than half the volumes sold in 2009.
Such operations carried out under various forms by other banksas well have been distorting the statistical data on the trend ofprivate lending published by the central bank for severalyears.
Despite outsourcing of loans, Raiffeisen's portfolio last yearrose by 20% on the retail segment and by 16% on the corporate one,totalling 12.15m lei.
However, the volume of loans classified as "doubtful" and "loss"in line with Romanian accounting standards almost doubled, nearingtwo billion lei (467m euros).
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
