The bank’s total assets topped RON60 billion, rising by 5%, and the net credit balance reached RON39.5 billion, up 22% from end-2021.
For corporate clients, loan volumes strengthened by 44% year-on-year, amid the economic context dominated by high inflation.
Deposits totaled almost RON50 billion in 2022, flat from 2021.
The operational expenses of the bank reached approximately RON1.5 billion, increasing by 14%, year on year. In this economic context marked by many uncertainties, the cost of provisions exceeded the level of 2021 by 31% as a result of a prudent approach.
“The very good results recorded by Raiffeisen Bank in 2022 prove to us that we are ready to continue our development, regardless of the economic context we will go through in the coming years. I strongly believe that if our employees feel good and are satisfied, we can provide the best financial expertise and leading digital solutions to our customers. That’s why we have integrated the philosophy , in our day-to-day activity, with visible results in the important indicators: employee satisfaction increased from 76% in 2021 to 80% in 2022, and NPS (Net Promoter Score) registered a significant increase, from 71% to 80%. The year 2022 ended with good financial results, with a capital adequacy ratio well above the minimum imposed by the National Bank of Romania and with a strong liquidity position.” said Zdenek Romanek, President & CEO of Raiffeisen Bank.
Raiffeisen Bank had more than 4,900 employees at the end of 2022, 300 more than the previous year.
Around 1.25 million individuals monthly use Raiffeisen’s mobile/internet banking apps.
The bank has a portfolio of over 570,000 cards.
Nonperforming loans remained at very low levels (1.75%) and the liquidity position (liquidity coverage ratio, LCR) was at a comfortable level (174%), well above the minimum regulatory requirements (100%).
In addition, through the four issues of MREL-eligible bonds placed in 2022, worth 1.7 billion lei, the bank additionally strengthened its ratio of own funds and eligible liabilities to over 32%, above the regulatory requirements applicable on January 2023 (27.48%).
(English version by Catalina Apostoiu)