Poland: Raiffeisen Polbank Increases Net Profit

Professional ServicesBanks ♦ Published: March 31, 2014; 12:49 ♦ (Vindobona)

Net profits for Raiffeisen Polbank, the Polish branch of the Austrian lender, achieved a considerable increase in net profits.

Raiffeisen Polbank saw a significant rise in net profits. / Picture: © Vindobona.org

Net profits at Raiffeisen Polbank came at PLN 129.3m in the business year 2013 up from PLN 69.1m in 2012. The banking income increased by 9.6 percent to a total of PLN 1.86bn year-on-year while the C/I ratio measured 74.9 percent.

Assets declined by 2.9 percen to PLN 48.bn as the number of credits dropped by 5.9 percent to PLN 33.4bn. As a consequence deposits decreased by 5.2…