Raiffeisen Bank ups Romanian profit at nine months on higher commissions and trading results

Austrian lender Raiffeisen Bank boosted its profit by 11 percent in Romania nine months into 2013. The bank posted a net profit of EUR 81 million during this period, mainly as a result of higher revenues from bank commissions and trading, according to a recent report from the bank. Revenues from bank commissions were up 7.9 percent, to some EUR 118 million, while revenues from interests went down by 7.7 percent, to some EUR 212. Meanwhile, trading revenues posted a EUR 4 million growth, from EUR 7 million during the first nine months of 2012. Provisions for non performing loans were slightly up as well, from EUR 74 million, to EUR 75 million, while the rate of non-performing loans increased by 0.5 percentage points, to 10.8 percent. . The group's total assets in Romania were also on an upward trend, with a 3.7 percent rise, to EUR 6.3 billion. Total loans were up 4.2 percent to some EUR 4.4 billion, while the growth in deposits was even higher, with an 8.7 percent increase, to EUR 4.14 billion. With 529 branches in Romania, Raiffeisen Bank International has 5,400 staff and serves around 2 million Romanian customers. Its most recent financial report is here. editor@romania-insider.com