Raiffeisen Bank ended 2020 with a net profit of RON 644 million, 17 percent lower than in 2019.
“We are pleased with our achievements in 2020, a year that has tested our resilience and brought us challenges we have never faced before. For us, the priority 0 was and continues to be the safety of clients, partners, employees, but also the support of the Romanian economy. In these unusual circumstances, we managed to increase the loan portfolio by 5 percent, a loan / deposit ratio of 66 percent and to generate a return on capital (RoE) of 14 percent. What we know for sure today is that we will continue to sustainably finance the Romanian economy because banks are part of the solution, and there is potential for economic growth,” said Steven van Groningen, President & CEO of Raiffeisen Bank.
