August 2 (SeeNews) - Raiffeisen Bank International (RBI) said on Tuesday its after-tax profit from operations in Romania rose 46.4% year-on-year in the first half of 2022, reaching 120 million euro ($122.8 million).
RBI's operating income from operations in Romania rose by an annual 13.9% in the first six months of the year to 306 million euro, the banking group said in an unaudited first-half financial report.
Net interest income from operations in Romania rose 21.8% on the year to 219 million euro in the review period, while net fee and commission income rose 7.9% on the year to 89 million euro.
Raiffeisen's non-performing loan (NPL) ratio in Romania dropped to 1.9% at the end of June 2022, from 2.4% a year earlier. The coverage of NPLs with provisions rose to 71.2%, from 70.2% at the end of June last year.
RBI's loan portfolio in Romania increased by an annual 23.9% to 7.704 billion euro at end-June, while customer deposits rose 9.5% on the year to 9.940 billion euro. The ratio of net loans to deposits reached 75.7% as at the end of June.
The number of customers was 2.2 million at the end of June 2022, compared to 2.2 million at end June-2021.
Raiffeisen Bank had 299 branches in Romania at the end of June and employed 4,886 people.
Following are details on RBI’s performance in Romania (in millions of euro):
|
H1 2022 |
H1 2021 |
Profit after tax |
120 |
82 |
Pre-tax profit |
144 |
102 |
Operating income |
306 |
269 |
Net interest income |
219 |
180 |
Net fee and commission income |
89 |
82 |
Loans |
7,704 |
6,219 |
Deposits |
9,940 |
9,076 |
Total assets |
12,333 |
11,203 |
RBI's after-tax profit from operations in Romania fell by 18.5% year-on-year in 2020, to 131 million euro.
($ =0.9769 euro)
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