Raiffeisenbank’s net profit for the three quarters of this year rose by 70 percent year on year to 2.89 billion crowns. The bank’s assets increased by 24 percent to CZK 525 billion, announced the bank today.
The volume of loans provided to clients increased by 1.5 percent to CZK 259 billion. Growth was on the part of households in the form of mortgage and consumer loans, and on the part of companies in the form of investment loans. The volume of deposits received from clients increased by 29.2 percent year on year to CZK 419 billion. The growth was driven by increasing current and savings account balances, especially for households, which was largely due to the takeover of clients from ING Bank.
Raiffeisenbank has been providing banking services in the Czech Republic since 1993. The majority shareholder is the Austrian financial institution Raiffeisen Bank International.
Source: Raiffeisenbank and CTK
