BANCI | ENGLISH

Raiffeisen welcomes multilateral financing package for Romania

Autor: Bancherul.ro
2009-03-31 09:27

Raiffeisen International Bank Holding-AG, part of the group headed by Raiffeisen Zentralbank �sterreich AG (RZB), welcomes the agreement jointly reached by the International Monetary Fund (IMF), the European Commission (EC), the World Bank and other international institutions with Romanian authorities for a financing package of around 20 billion euros. It is considered a significant step to ensuring the stability of the country's economy and strengthening confidence in the broader CEE region.

"This agreement is an important contribution to the Romanian authorities' efforts to address the challenges the country faces as a result of the global economic crisis," said Herbert Stepic, CEO of Raiffeisen International and Deputy Chairman of the Managing Board of RZB. "Raiffeisen came to Romania in 1998 as a long-term strategic investor and this attitude prevails. Therefore we will continue to provide its Romanian subsidiary with sufficient liquidity and capital to achieve its goals. And this counts also for the other 14 subsidiary banks across the region," Stepic added.

Raiffeisen International was one of the nine organisations that signed an agreement with the IMF on Thursday. With this agreement the shareholders of the nine largest banks of the countries underlined their status as strategic investors and key contributors to Romania's transition toward an open, market-based economy. The organisations also confirmed their assessment of and continued confidence in the country�s long-term growth prospects as well as their continued commitment to doing business in the country.

In 2008, Raiffeisen International subsidiary Raiffeisen Bank S.A. ranked as the fourth-largest bank in Romania. Raiffeisen International's total assets in Romania amounted to 6.56 billion euros as of year-end 2008 (2007: 5.60 billion euros). Its profit after tax in 2008 came in at 161 million euros, an increase of 60 per cent year-on-year. At the end of 2008, Raiffeisen International's nearly 6,900 employees serviced more than 2 million customers through 557 business outlets located throughout Romania.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii