Raiffeisen Bank has reached a network of 10,000 electronic points of sales (EPOS) and 1,100 cash machines (ATM) in Romania, with a portfolio of approximately 1.7 million valid cards issued in portfolio, of which 350,000 are shopping cards, according to the bank.

"Card payments at retailers rose at Raiffeisen Bank by 22 percent in the first half of this year, compared to the first half of 2010", said Titi Stoenescu, Cards Executive Director at Raiffeisen Bank.

Raiffeiesen Bank International (RBI) posted a EUR 16 million profit after tax in Romania in the first quarter of the year, down 56 percent on the same period of last year. The drop was mainly caused by the decrease in gains from financial investments and derivatives. The net results of these financial investments and derivatives was a loss of EUR 2 million in this first quarter, compared to a profit of EUR 19 million in the first quarter of last year.

RBI had EUR 6.1 billion in assets at the end of the first quarter this year, up from EUR 5.8 billion the same time last year. The bank has 545 units in Romania and 6,154 employees. RBI Austria owns 99.5 percent of Raiffeisen Romania.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Raiffeisen)