RBI's total assets in Romania fell by 3.2% to 6.090 billion euro at end-September, the bank said in its nine-month financial report adding it has continued its good performance in the country.
Raiffeisen has cut expenses by reducing its staff in Romania to 5,660 from 7,000 as part of its cost management and efficiency measures, the report added.
Following are details from RBI's performance in Romania (in millions of euro):
Jan-Sept’12 | Jan-Sept’11..Q3’12 | Q3’11 | ||
Profit after tax | 72 | 60 | 23 | 20 |
Pre-tax profit | 84 | 71 | 27 | 24 |
Operating income | 346 | 342 | 116 | 118 |
Net interest income | 229 | 196 | 71 | 71 |
Loans | 4,217 | 4,404 | 4,217 | 4,404 |
Deposits | 3,813 | 3,758 | 3,813 | 3,758 |
Total assets | 6,090 | 6,292 | 6,090 | 6,292 |
RBI's customers base in Romania remained almost flat at about 1.96 million as of end-September, while the number of business outlets decreased by 2.6% to 530 at the end of September.
($ = 0.775 euro)