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Raiffeisen assets in Romania and Moldova up 15 percent

Raiffeisen assets in Romania and Moldova up 15 percent

The assets of Austrian lender Raiffeisen's international division in Romania and Moldova rose to €6.4 percent billion by the end of the third quarter, 15.1 percent higher year-on-year, according to the group's financial report.

South Eastern Europe had the highest net commission income growth in the group, 27 percent year-on-year, up to €347 million, compared to €274 million at the end of Q3 of 2007.

Romania was best performer, as it registered the highest commission income, according to the report. Meanwhile, the group's provisions amounted to €90 million, of which €56 million were provisions made in Romania, Croatia, Bulgaria, and Albania.

In Romania and Moldova, the lender had a total 533 units and 6,831 employees by the end of September. Raiffeisen International posted consolidated profit worth €861.5 million, 37.7 percent higher year-on-year. (NewsIn)

Source: Business Standard


tags: Raiffeisen

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