- Business News in English

Business News from Czech Republic by and several sources, collected all on one platform! Want to have your business news listed with us?  Contact us

Raiffeisenbank posts CZK 1.6bn in net profits in 9M 2014

Raiffeisenbank posted net profit of CZK 1.6bn for the first nine months of 2014, up 6.5% y/y. Client loan portfolio grew 6.6% to CZK 165.3bn, while client deposits grew 6.5% to CZK 156.1bn. The bank’s capital adequacy totalled 13.6% as of the end of the monitored. Raiffeisenbank’s general director and board of directors chairman Mario Drosc has stated that the y/y increase in net profit was influenced primarily by cost discipline, good control over credit risk and higher interest earnings. On the other hand, the income from fees has dropped, despite higher sales.


Sign up for Prague’s hottest newsletters to stay up to date and know what’s going on in town! Prague Daily Monitor: Prague’s # 1 source for Czech news in English… delivered straight to your inbox daily. Sign up for free now! Prague.TV – Living Like a Local: 2x a week, our newsletter keeps you up to date with the HOTTEST and BEST news for Prague's Expats and English Language community. Exclusive price draws & Special partner offers for registered members. Sign up for free now!
Upcoming Events