Total revenues went up by 8%, but the bank has not disclosed their level.
In January-June 2024 period, assets reached RON74 billion, the equivalent of a 12% increase from the same period of 2023.
The bank’s representatives say customer deposits continued to strengthen with a 9% year-on-year increase, to RON57.2 billion, showing positive variations across all customer segments.
In terms of lending, the loan stock reached RON40.9 billion in the first half of 2024.
„After a beginning of the year in which the demand for loans in the market was rather modest, the second quarter saw a rebound in the balance of loans granted to companies (+5% compared to the previous quarter), especially in the area of corporate customers”.
In terms of the evolution of volumes originated in the first half of 2024 to individuals, personal loans increased by around 40% and mortgage loans increased by around 22% compared to the same period of the previous year.
Personal financial planning remains a constant growth driver in Raiffeisen Bank Romania’s long-term strategy. In the first half of 2024, the number of newly opened pension, investment and life insurance plans increased by over 40% compared to the same period in 2023.
Simultaneously, the digitalization of workflows and the simplification of client interactions remain essential across all segments, whether it involves current operations, savings accounts, term deposits, life insurance, or investment funds. The number of customers who opened a Raiffeisen account directly through the mobile banking app grew by approximately 300% in the first half of the year compared to the same period last year and online payments saw a 30% increase.
”In the first half of the year, we systematically continued to accelerate financial planning services to support our clients in building a better future. We launched MoonShotX, a project that facilitates the expansion of businesses in Romania at regional level. We introduced a new card that combines digital payment services with our long-term commitment to community support. We have invested in innovative technologies based on Cloud and AI, which help us redefine and optimize operations so that our teams can focus on personalized 1:1 interaction with our clients.”- Zdenek Romanek, President & CEO, Raiffeisen Bank Romania.
Solid capitalization and strong liquidity position enables the bank to continue supporting through lending the development of the Romanian economy. The capital adequacy ratio was 22.08%, well above the minimum required by the NBR (17.81%). Non-performing exposures remained at a low level (1.69%) and the liquidity coverage ratio (LCR) was at a comfortable level (249%), well above the regulatory minimum (100%). At the same time, own funds, and eligible liabilities (MREL) stood at 35.93%, significantly above the regulatory requirements applicable as of June 30, 2024 (32.00%).
(English version by Catalina Apostoiu)