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Raiffeisen Bank Q1-Q3 profits jump 34%

Raiffeisen Bank Zrt had after-tax profit of Ft 18.8 billion in Q1-Q3, 34% more than in the same period a year earlier, the bank announced on Thursday.

Pre-tax profits rose 35% to Ft 26.2 billion during the period. Total assets rose 36% to Ft 1,569 billion in the twelve months to September 30, 2006. Net revenue was Ft 60.5 billion in Q1-Q3, up 25% on the same period a year earlier. Operating costs rose 18% to Ft 34.3 billion.