Raiffeisen Romania foresees 59 mln euros in profits

Raiffeisen Bank Romania, the local subsidiary of Austrian-based lender Raiffeisen, with assets totaling €4.936 billion at the end of July, estimates net profits worth €59 million for 2007, 10 percent higher year-on-year. The bank targets €300 mln in income and €241 mln in expenses, according to a decision by shareholders published in the Official Gazette, as quoted by Business Standard.Raiffeisen Bank has a broad expansion strategy and has allocated some €24 mln to ...

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