Raiffeisen Bank profits grow 22%

The Romanian branch of Raiffeisen Bank, had a 53 million euros profit after taxes (61.1 millions before taxes) at the end of 2006, representing a 22% compared to 2005.

The assets of Raiffeisen Bank Romania grew 35%, up to 4.1 billion euros, making the institution the third largest bank.

The bank credits reached 2.02 billion euros, 42% more than in 2005, while deposits grew 38%, up to some 3 billion euros.

Raiffeisen Bank had at the end of 2006 2.2 million clients, including 4,700 large and medium corporations and 130,000 small and medium enterprises.