Raiffeisen Bank Romania posted more than 165 million euros in net profit in 2008 (calculated in line with the international accounting standards), an increase of 75.6% on the 2007 level, with the retail division contributing more than 50% to this result.
"2008 was an extraordinary year for us. I am extremely pleased with what we achieved, especially since profit does not include any one-off income and is strictly related to the operations of the bank. 2009 will be more difficult, but we are very well positioned to cope," said Steven van Groningen, Raiffeisen Bank chairman, who presented the yearly results of the bank yesterday for the eighth time. Most of the profit is slated to go to capitalising the bank.
