Raiffeisen Bank raises profit projection
Wednesday, August 17, 2005, 09:07
MTI-Eco reported that Raiffeisen Bank Rt could exceed its annual profit target by Ft 400 million, posting a year-end Ft 16.5 billion, based on better-than-targeted H1 results, deputy-CEO Krisztina Horváth said yesterday. Raiffeisen Bank had first-half after-tax profit of Ft 8.69 billion. Raiffeisen Bank had total assets of Ft 1,105 billion at the end of June, 13% more than a year earlier. The bank's stock of loans, which grew 24% to Ft 907 million during the period, was the main reason for the increase, but deposits also rose, 16% to Ft 774.4 billion.