In 2010, the bank achieved a profit after tax worth EUR101 million.
Pretax profit stood at EUR113 million in 2011, compared to EUR116 million in 2010.
Raiffeisen Bank International operations in Romania include Raiffeisen Bank, the third largest local lender in terms of assets, but also leasing, management, insurance and mortgage lending activities. In addition, Raiffeisen’s operations in Moldova are included in the Romania chapter.
The group’s assets in Romania rose by 2.1% in value last year, to EUR6.359 billion, from EUR6.227 billion.
Lending widened by 4.3% to EUR4.428 billion, while deposits increased by 7.5% to EUR3.9 billion.
The bank had an operating income of EUR469 million on the Romanian market, up 3.6% from EUR453 million in 2010, due to an increase in interest (up 12.4% on year to EUR268 million) and trading income (up 19.5% on year to EUR15 million).
Provisioning for impairment losses narrowed by 5.3% last year, to EUR68 million from EUR72 million. The non-performing loan ratio dipped in 2011 to 9.3% from 9.4%.
General administrative expenses by Raiffeisen Bank International in Romania rose by 3.8% on the year in 2011, to EUR286 million.
Fourth quarter operating income rose by 14% in 2011, to EUR127 million, while provisions dropped 6.5% to EUR17 million and administrative expenditure dipped 3.6% to EUR73 million.
At the end of last year, the Austrian bank had a total 551 branches and 6,030 employees, serving 1.9 million clients in Romania.