Based on the income and expenditure budget for the current year, the Romanian branch of Raiffeisen Bank could post turnover worth RON 1.45 bln (€411 mln) from interest and fees, while expenditures are estimated at €293.4 mln. The contribution of the Romanian division to the group’s net profit increased to 11.17 percent. The approved investment budget for 2008 amounts to €51 mln.
The bank registered a 1.9 percent drop in assets, to €5.496 bln. Raiffeisen posted an advance of 19 percent in assets last year, to €5.6 bln. It opened 17 units in Q1 2008.
