Raiffeisen Bank Romania has total assets of EUR7.1 billion.
Raiffeisen Bank International, which coordinates the bank’s operations in Central and Eastern Europe, reported a net profit of EUR268 million in the first six months, down 15% on the year.
“A new mortgage loan law in Romania had a negative effect, but was offset by income from the sale of Visa Europe shares to Visa Inc,” the Austrian group said.