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Raiffeisen Romania sees 12% lower profit in 2019

Raiffeisen Bank, the Romanian subsidiary of the Austrian group Raiffeisen Bank International (RBI), reported a net profit of RON 779 mln (EUR 164 mln) in 2019, down 12% compared to the record profit in 2018. The lower profit was determined by the tax on financial assets (enacted in 2019), the slight slowdown in economic activity in the first part of last year, and non-recurrent events such as the methodological changes in the provision of credit risk, ...

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