RBI's 9-mo after-tax profit in Romania rises 12.4% y/y - table

RBI's operating income from operations in Romania grew 3.6% on the year in the first nine months of 2020, reaching 405 million euro, the bank said in an unaudited financial report for January-September 2020.

Net interest income edged up 0.5% year-on-year to 279 million euro in the review period, while net fee and commission income fell 10.5% to 115 million euro.

The number of customers fell by 3% on the year to 2.2 million at the end of September.

Raiffeisen's non-performing loan (NPL) ratio in Romania dropped to 2.6% at the end of September 2020, from 3.4% a year earlier. The coverage of NPLs with provisions rose to 71.9% at the end of September 2020, from 55.4% at the end of September last year.

RBI's loan portfolio in Romania edged down by an annual 0.1% to 5.951 billion euro at end-September, while customer deposits rose 13.8% on the year to 8.495 billion euro. The ratio of net loans to deposits reached 67.5% as at the end of September.

Raiffeisen Bank had 344 branches in Romania at the end of September and employed 5,090 people.

Following are details on RBI’s performance in Romania (in millions of euro):

RBI's after-tax profit from operations in Romania fell by 16.6% year-on-year to 161 million euro in 2019.

($ =0.8467 euro)