Raiffeisen raised RON400.5 million (EUR81 million) to finance climate and environmental projects. The bonds have a five-year maturity and the issuance was 1.6 times oversubscribed.
The green bonds whereby Raiffeisen plans to fund green projects in Romania will be used for the bank’s capital base upon the approval of Romania’s central bank.
Raiffeisen Bank reported a a net profit of RON198 million in the first quarter of 2021, 41% higher compared with the same period last year. Its assets grew 9%, to RON52.2 billion, while its revenues dropped 4% on the year in the first quarter despite net loan growth, mainly due to a lower interest environment and 8% decline in commission income.