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Raiffeisen Bank Romania’s profit 45% up y/y despite sluggish lending in Jan-Sept

November 6, 2023

Raiffeisen Bank Romania reported its net profit surged by 45% y/y to RON 1.3 billion (EUR 260 million) in January-September, while its assets advanced by only 9% y/y to RON 67.5 billion (EUR 13.5 billion).

This equates to 2.6% annualized ROA, higher than the average benchmark for the entire local banking market in January-June (1.88%) and for the past years in general.

However, the stock of loans registered a growth rate of only 4% y/y, slower compared to the sluggish 4.5% average...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/raiffeisen-bank-romania-profit-jan-sept-2023
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