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CEE Banking Sector: commitment will be rewarded

Mon, 13 May 2013 00:00:00 GMT

• Banks in CEE outperform those in Eurozone • Strong profitability for the second year in a row • Aggregate NPL ratio in CEE at 10.1per cent • Ranking of top players almost unchanged "In terms of growth and profit, the banking sector in Central and Eastern Europe (CEE) continues to outperform its Western European counterpart, as growth opportunities and margins ...

CEO of Raiffeisenbank (Bulgaria) to resign

Mon, 29 Apr 2013 00:00:00 GMT

Momtchil Andreev, Chief Executive Officer and Chairman of the Management Board of Raiffeisenbank (Bulgaria) EAD will resign as of 30 June 2013. He decided now to pursue other opportunities outside the Raiffeisen Group. Mr. Andreev has been a member of Raiffeisenbank's Management Board since 1997, CEO since 2003. "Momtchil Andreev is a very capable, committed and focused manager. Under his leadership, Raiffeisenbank established ...

Financing sustainable energy investments for Bulgarian business

Mon, 15 Apr 2013 00:00:00 GMT

Raiffeisenbank (Bulgaria) and EBRD join efforts
Raiffeisenbank (Bulgaria) EAD and the European Bank for Reconstruction and Development (“EBRD”) have signed a second line of credit under the Bulgarian Programme for Energy Efficiency and Renewable Energy (“BEERECL”). This will allow Raiffeisenbank (Bulgaria) to expand financing for sustainable energy investment by private companies in Bulgaria. The EBRD loan of €7.5 million will be on-lent by Raiffeisenbank (Bulgaria) to local enterprises. ...

RBI with consolidated profit of € 725 million again Austria's most profitable bank

Wed, 10 Apr 2013 00:00:00 GMT

• Net interest income decreases by 5.3 per cent year-over-year to € 3,472 million (2011: € 3,667 million) • Operating income (excluding goodwill impairment) down by 6.1 per cent to € 5,140 million (2011: € 5,475 million) • General administrative expenses rise by 4.6 per cent to € 3,264 million (2011: € 3,120 million) • Net provisioning for impairment losses declines by 5.1 per cent to € 1,009 ...

Economic recovery in second half of the year expected

Thu, 04 Apr 2013 00:00:00 GMT

• Global liquidity is beneficial for investment climate • Bull market in equities continues • Recommendations (1) for the global markets: equities (Europe, USA, China, India), government bonds (Spain, Ireland) and corporate bonds (non-financial high yields) • Growth in CEE (2) in the second half of the year • ATX target: 2,650 points by the end of ...

Global Finance Awards: RBI “Best Bank in CEE”

Wed, 27 Mar 2013 00:00:00 GMT

• RBI receives CEE award for the seventh time in a row • “Best Bank” awards also go to subsidiaries in Albania, Bosnia and Herzegovina, Kosovo, Romania and Serbia Raiffeisen Bank International (RBI) has been awarded the title “Best Bank in Central and Eastern Europe (CEE)” for the seventh time in a row in the competition “World’s Best Banks in Developed and Emerging Markets” organised by the renowned financial magazine “Global ...

Raiffeisenbank: Eurozone’s weaknesses and domestic uncertainty deteriorate the economic growth outlook of Bulgaria

Wed, 13 Mar 2013 00:00:00 GMT

Raiffeisenbank (Bulgaria) EAD published its monthly economic review of the latest available macroeconomic data. In the analysis of the bank a considerable deceleration of economic growth to 0.3% yoy in Q4 2012 is noted, vs. the reported 0.9% with respect to the first nine months. The deterioration of the external environment, respectively the realized decline of exports by 1.7% vs. the same period of 2011, are pointed out. However, reference is made also to ...

Raiffeisenbank with promotion on housing loans

Fri, 01 Mar 2013 00:00:00 GMT

• Fixed interest rate for the first 12 months • No fee for processing the housing loan application • Credit card at preferential terms • Promotion till 15 June 2013 Raiffeisenbank launches a promotional campaign on new housing loans, during which customers can take advantage of a free of charge processing of the loan application. The interest rate is fixed for the first year, and for the ...

RBI posts consolidated profit of € 725 million in 2012 (preliminary results)

Wed, 20 Feb 2013 00:00:00 GMT

• Profit before tax of € 1,032 million • Net provisioning for impairment losses declined slightly to € 1,009 million • Significantly strengthened core tier 1 ratio of 10.7 per cent The preliminary, unaudited results of Raiffeisen Bank International AG (RBI) for the fiscal year 2012 once again bear witness to the sustainability of the diversified business model especially in difficult times. With net interest income ...

Raiffeisenbank: The share of bad loans decreases mainly due to writing off loans

Mon, 11 Feb 2013 00:00:00 GMT

Raiffeisenbank (Bulgaria) EAD has published its monthly analysis based on the latest macroeconomic data available at the end of January 2013. The bank’s analysts report a continuing drop of industrial production in November (-1.8% yoy), as well as a decline of domestic trade (-7.4% compared to November 2011). At the same time, the growth of construction output continued (1.1% on an annual basis), mainly due to the more favourable dynamics of engineering ...