The bank’s total assets grew 9%, to RON52.2 billion.
The bank’s total 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.
“We are happy with our performance in the first three months of 2021. Thanks to measures taken and the extension of public and private loan moratoriums we managed to maintain our risk profile at healthy levels,” said Steven van Groningen, president and CEO of Raiffeisen Bank.
Raiffeisen Bank’s loan portfolio grew 4% on the year in the first quarter, to over RON30 billion. It said loans to SMEs grew 15%.
Customer deposits grew 9% in the first quarter, to RON43.7 billion.
The bank said the number of digitally active customers reached nearly 900,000 at the end of March, with 43% of its individual customers active digitally, compared with 34% in March 2020. The bank said transactions via its mobile and internet banking apps grew 63% on the year in the first quarter.
Raiffeisen Bank had a portfolio of over 550,000 active cards at the end of March 2021. It said card payments grew 26% in March compared with March 2020 and by 12% in the first quarter.
The bank has approximately 2.2 million retail and corporate customers, 329 branches throughout Romania, and over 4,800 employees.