Press Releases

All news

30.05.05

Raiffeisenbank (Bulgaria) with strong growth in first quarter of 2005.

Balance sheet total increased by 128 per cent. Profit after tax soaredby 83 per cent. ROE improved to above 34 per cent.

Raiffeisenbank (Bulgaria) EAD has successfully closed the first quarter2005 and released yet another set of convincing growth figures. Thebalance sheet total as at March 31st, 2005 increased by 128.4 per centto 2.11 billion Bulgarian Leva (€ 1.08 billion – Exchange rate as at 31.3.05: 1.95 Leva = 1 Euro). Especially strong growth was reported in the important Retail Banking segment. The retail loan portfolio soared by 282.3 per cent, while customer deposits grew by 98.1 per cent.

Pre-tax profit for the first quarter amounted to 13.54 million Leva (€ 6.94 million), up by 73.9 per cent compared to the same period 2004. After-tax profit soared by 83.6 per cent to 11.51 million Leva (€ 5.9 million), resulting in a Return on Equity of 34.6 per cent (Q1 2004: 32.8 per cent). All figures according to International Financial Reporting Standards (IFRS).

Raiffeisenbank (Bulgaria), a 100 per cent subsidiary of RaiffeisenInternational Bank-Holding AG (Raiffeisen International), was founded in1994. Raiffeisen International, which is listed on the Vienna StockExchange, is the steering unit of RZB-Group’s holdings in Central and Eastern Europe (CEE). Raiffeisen Zentralbank Oesterreich AG (RZB) owns 70 per cent of Raiffeisen International. Raiffeisen International runs the leading banking network in CEE with 15 network banks and 14 leasing companies. In 941 business outlets more than 5.2 million customers are served in 16 markets of the region. The balance sheet total of Raiffeisen International amounted to € 31.5 billion at the end of March 2005. Pre-tax profit for the first quarter was € 133.3 million, roughly 80 per cent more than the first quarter of the previous year.

 

Press Сenter

Tel.: +7 495 721-36-17

E-mail: pr@raiffeisen.ru

Marketing department

E-mail: marketing@raiffeisen.ru

Information center

Tel.: +7 495 721-91-00

По-русски
In English
+7 495 721-91-00
For Life
For Business
For Life
For Business