March 17 (SeeNews) - Raiffeisen Bank International (RBI) said on Wednesday its after-tax profit from operations in Romania fell 18.5% year-on-year in 2020, to 131 million euro ($156 million).
RBI's operating income from operations in Romania fell 4.4% on the year in 2020, to 535 million euro, the bank said in an unaudited financial report for 2020.
Net interest income edged down 0.6% year-on-year to 372 million euro in the review period, while net fee and commission income fell 7.1% to 156 million euro.
The number of customers decreased by 2.8% on the year to 2.2 million in 2020.
Raiffeisen's non-performing loan (NPL) ratio in Romania dropped to 2.5% at the end of 2020, from 3.1% a year earlier. The coverage of NPLs with provisions rose to 77% at the end of 2020, from 65.5% at the end of 2019.
RBI's loan portfolio in Romania grew by an annual 2.5% to 5.981 billion euro in 2020, while customer deposits rose 18.9% to 9.025 billion euro. The ratio of net loans to deposits reached 65.1% at the end of 2020.
Raiffeisen Bank had 337 branches in Romania at the end of 2020 and employed 5,115 people.
Following are details on RBI’s performance in Romania (in millions of euro):
|
2020 |
2019 |
Profit after tax |
131 |
161 |
Pre-tax profit |
161 |
200 |
Operating income |
535 |
560 |
Net interest income |
372 |
374 |
Net fee and commission income |
156 |
168 |
Loans |
5,981 |
5,838 |
Deposits |
9,025 |
7,591 |
Total assets |
10,696 |
9,246 |
($ =0.8397 euro)
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