Austrian group Raiffeisen Bank International reported a net profit of EUR 173 mln for its operations in Romania last year, up 31.8% from 2020, according to preliminary figures subject to final evaluation by Raiffeisen's supervisory board.

The final financial results for 2021 will be announced in March.

Raiffeisen Bank Romania, a top 5 player, is one of the local banks that has been profitable even in the previous financial crisis, which began more than a decade ago.

Raiffeisen Bank's loan portfolio in Romania reached EUR 6.7 bln at the end of 2021, 12.1% up from the end of 2020, according to the preliminary data published by the Austrian group. 

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andrei@romania-insider.com