RBI earnings in Hungary climb to EUR 35 mln in Q1
Austria's Raiffeisen Bank International (RBI) booked an after-tax profit of EUR 35 million at its business in Hungary in the first quarter, up from EUR 4 mln in the same period a year earlier, state news wire MTI reports citing an earnings report released by RBI on Wednesday.
Net interest income climbed 76% to EUR 67 mln. Net revenue from commissions and fees increased 27% to EUR 45 mln.
The Hungarian business had total assets of EUR 9.95 billion at the end of March, up 5% from 12 months earlier.
The stock of client loans increased 4% to EUR 4.25 bln and the stock of client deposits edged down 1% to EUR 7.104 bln.
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