The bank’s total assets topped RON74.3 billion, up 10% year-on-year.
The bank did not include any information about revenues posted in the first nine months of this year in its financial report.
Operating expenses increased by 12% year-over-year due to significant investments in staff training and retention, as well as expanding the team in key areas and modernizing infrastructure.
The loans stock granted to customers increased by 3% compared to the previous year. Loans for individuals grew by 2%. Meanwhile, legal entities loans stock increased by 3%, fueled by corporate clients and our participation in government programs such as IMM Invest and Invest EU.
In the Mid-Corporate segment, the loan balance grew by 13% in the first three quarters of the year as compared to the same time span last year, demonstrating Raiffeisen Bank’s commitment to supporting the development of Romania’s business sector.
the total balance of loans granted in the SME segment in the first 9 months of the current year is 7% higher compared to the same period last year. New loan volumes under the IMM INVEST PLUS program granted in the first quarters of the year amount to 143 million euros, while new loan volumes granted under the EIF Microfinance and Competitiveness program in the SME segment have reached approximately 90 million euros.
At the end of the third quarter, financing provided through the program for start-ups, factory by Raiffeisen Bank, exceeded 30 million euros.
As regards deposit volume, it went up by 8% from the same period of 2023.
The new 100% digital flow in the Smart Mobile banking app has led to a 5-fold increase in digitally enrolled customers within just a few months of launch compared to the same period in 2023.
„We have accelerated the development of a complex ecosystem of fully digitalized services and products designed to make our clients’ lives easier, and the number of clients enrolled 100% digitally has increased 5 times compared to the first three quarters of last year,” stated Zdenek Romanek, President & CEO, Raiffeisen Bank Romania.
Raiffeisen Private Banking has reached 1-billion-euro milestone in investment products. Additionally, at the beginning of last year, the Raiffeisen Private Banking Division also started overseeing the Premium Invest client segment, which involves clients with personal assets of at least 60,000 euros under management. These clients now have access to dedicated services, a wide range of financial products, and high-level investment expertise through a new team of personal bankers.
The total value of assets managed in the two client segments, Private Banking and Premium Invest, exceeded 3.1 billion euros in the first nine months of the year.
From January to September 2024, Raiffeisen Leasing IFN SA saw a 110% increase in new business volumes compared to the same period last year. The main categories of financed assets contributing to this growth were those for domestic and international transport activities, as well as vehicles and equipment in the “green” assets category, demonstrating a commitment to sustainable financing. Furthermore, the non-performing loan rate remains low, reflecting the stability of the financed portfolio.
By the end of Q3 2024, Raiffeisen Leasing achieved total assets of over 385 million euros, and the financing portfolio granted to clients grew by 35% compared to the level recorded on December 31, 2023.
SAI Raiffeisen Asset Management (RAM), the investment fund management company of the Raiffeisen group in Romania, has surpassed 1.06 billion euros in total assets under management. Of this, the Raiffeisen Romania Dividend fund, which primarily invests in local stocks listed on the Bucharest Stock Exchange, exceeded 134 million euros.
(English version by Catalina Apostoiu)