July 30 (SeeNews) - Raiffeisen Bank International (RBI) said on Friday its after-tax profit from operations in Romania rose 56.8% year-on-year in the first half of 2021, reaching 82 million euro ($97 million).
RBI's operating income from operations in Romania edged down 1.3% on the year in the period under review, to 269 million euro, the banking group said in an unaudited first-half financial report.
Net interest income from operations in Romania fell 4.6% on the year to 180 million euro in the review period, while net fee and commission income rose 10.9% on the year to 82 million euro.
The number of customers was 2.2 million at the end of June 2021, little changed on an annual comparison basis.
Raiffeisen's non-performing loan (NPL) ratio in Romania dropped to 2.4% at the end of June 2021, from 2.9% a year earlier. The coverage of NPLs with provisions rose to 70.2%, from 67.1% at the end of June last year.
RBI's loan portfolio in Romania increased by an annual 8.2% to 6.219 billion euro at end-June, while customer deposits rose 12.8% on the year to 9.076 billion euro. The ratio of net loans to deposits reached 69.6% as at the end of June.
Raiffeisen Bank had 308 branches in Romania at the end of June and employed 4,789 people.
Following are details on RBI’s performance in Romania (in millions of euro):
|
H1 2021 |
H1 2020 |
Profit after tax |
82 |
52 |
Pre-tax profit |
102 |
65 |
Operating income |
269 |
272 |
Net interest income |
180 |
189 |
Net fee and commission income |
82 |
74 |
Loans |
6,219 |
5,748 |
Deposits |
9,076 |
8,046 |
Total assets |
11,203 |
9,695 |
RBI's after-tax profit from operations in Romania fell by 18.5% year-on-year in 2020, to 131 million euro.
($ =0.8422 euro)
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