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After the privatization, Raiffeisen Bank managed a turnaround – at the end of 2004 it posted a net profit of EUR 28.3 million, six times higher than the one registered in 2003 (EUR 4.6 million). Total assets more than doubled as compared to the previous year, reaching more than EUR 2,000 million. In
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banks present on the local market
Raiffeisenbank (Romania) S.A., established in 1998 as a subsidiary of RZB Austria and Banca Agricola Raiffeisen S.A. established in April 2001, after the take over by RZB Austria of the Romanian state-owned Banca Agricola.
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2005 the bank continued to implement a significant investment plan focused mainly on the infrastructure and IT&C systems, the modernization of the branch network and extension of ATM and POS networks. The bank services more than 2 million customers.
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market, providing a complete range of products and services to private individuals, SMEs and large corporations via multiple distribution channels: banking outlets (more than 350 throughout the country),
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These results were recognized by well-known foreign and
Romanian publications. The British magazine
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nominated
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Raiffeisen Bank
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On March 20, 2013, it took over the retail credit division of
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This article is about the
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