Raiffeisen Bank International (RBI) recorded a EUR 25 million profit after taxes in Romania in the first quarter of the year, EUR 3 million – or 13.6% - up year-on-year.

The value of RBI’s assets on the local market dropped by 1% from end-2-14, to EUR 6.85 billion. This represents 5.5% of Raiffeisen Bank International’s total assets.

The group’s operating revenues registered a 7.1% quarter-on-quarter decline, to EUR 106 million.  The year-on-year drop was of 5.4% from EUR 112 million in Q1, 2014.

Its total volume of loans advanced by 1.3% compared to Q4, 2014, to EUR 4.37 billion, while deposits decreased by 2%, to EUR 4.58 billion.

In Romania, Raiffeisen Bank International includes Raiffeisen Leasing, Raiffeisen Capital & Investment, Raiffeisen Asset Management, Raiffeisen Investment Romania, Raiffeisen Banca pentru Locuinte and Raiffeisen Bank.

editor@romania-insider.com