Raiffeisen Romania Nets EUR 53 million in 2006

29. März 2007, 00:00

Steven van Groningen, the CEO of Raiffeisen Bank Romania, has announced that the bank has registered net profits of EUR...

Steven van Groningen, the CEO of Raiffeisen Bank Romania, has announced that the bank has registered net profits of EUR 53 million in 2006.

 “We want to stay on this trend, to increase assets and profit rates. The market share remains an important aspect,” said van Groningen.

At the same time, the banks net assets have increased by 35 per cent during the year, while EBITDA rose from EUR 50 million to EUR 61.1 million according to international financial reporting standards.

The the consolidated profit (after tax and minorities) of the Raiffeisen International Bank-Holding AG rose by 55 per cent to EUR 594 million (2005: EUR 382 million). Profit before tax (excluding one-off effects) amounted to EUR 891 million (2005: EUR 569 million), while profit after tax (excluding one-off effects) was EUR 686 million (2005: EUR 460 million). Earnings per share (excluding one-off effects) increased from EUR 2.79 in 2005 to EUR 4.17.
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