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Increasing revenues, modest revenue growth at Raiffeisen

Raiffeisen Bank Rt's interest rate revenues totaled Ft 131.1 billion last year, up 59% yr/yr. At the same time, operating profit grew by a more moderate 7% to Ft 13.9 billion. The bank's net income rose to Ft 1.2 billion, an 11% rise on the same period of 2003. Raiffeisen's total net assets stood at Ft 1,083 billion at the end of 2004 after a 130% jump on Dec. 31, 2003.