Raiffeisen Bank Romania proposes EUR 59 mln in dividends for 2013

Raiffeisen Bank Romania plans to distribute dividends with a total value of RON 264 million (EUR 59 million) for 2013, representing nearly 60 percent of last year’s net profit, according to the bank. The value is similar to the amount distributed from the 2012 profit. The value of a dividend will be of RON 0.022 per share (EUR 0.004). Raiffeisen Bank has posted a profit after tax of EUR 104 million for 2013, an 18 percent increase on 2012, when the lender recorded a profit after tax of EUR 88 million. Raiffeisen Bank’s total assets reached EUR 5.92 billion, an increase of 11 per cent compared to EUR 5.31 billion at year-end 2012 As of 31 December 2013, the bank had 5,484 employees, down from 5,668 a year earlier. The main shareholder of the bank is Raiffeisen Bank International AG, with 99.49 percent. Irina Popescu, irina.popescu@romania-insider.com