Raiffeisen Bank Romania

Raiffeisen Romania's customer loans rose 12.1% to RON 22,161 mil in 2017

By Helgi Analytics - July 16, 2018

Raiffeisen Bank Romania's customer loans reached RON 22,161 mil in 2017, up 12.1% compared to the previous year. Romanian banki...

Raiffeisen Romania's customer deposits rose 12.6% to RON 29,696 mil in 2017

By Helgi Analytics - July 16, 2018

Raiffeisen Bank Romania's customer deposits reached RON 29,696 mil in 2017, up 12.6% compared to the previous year. Romanian ba...

Raiffeisen Romania's retail deposits rose 12.9% to RON 20,761 mil in 2017

By Helgi Analytics - July 16, 2018

Raiffeisen Bank Romania's retail deposits reached RON 20,761 mil in 2017, up 12.9% compared to the previous year. Romanian bank...

Profit Statement 2015 2016 2017
Net Interest Income RON mil 1,055 1,112 1,178
Fee Income (As % Of Revenues) % 31.4 28.6 27.6
Other Income RON mil 293 309 317
Total Revenues RON mil 2,005 2,172 2,127
Staff Cost RON mil 528 533 556
Operating Profit RON mil 796 1,001 843
Provisions RON mil 289 469 246
Net Profit RON mil 426 449 510
Balance Sheet 2015 2016 2017
Interbank Loans RON mil 1,139 546 89.2
Customer Loans RON mil 18,154 19,761 22,161
Debt Securities RON mil 4,116 3,850 5,250
Total Assets RON mil 31,487 33,461 36,806
Shareholders' Equity RON mil 3,211 3,274 3,591
Interbank Borrowing RON mil 2,252 1,721 1,440
Customer Deposits RON mil 23,740 26,375 29,696
Issued Debt Securities RON mil 1,690 512 513
Ratios 2015 2016 2017
ROE % 13.0 13.9 14.9
ROA % 1.41 1.38 1.45
Costs (As % Of Assets) % 4.01 3.61 3.65
Costs (As % Of Income) % 60.3 53.9 60.4
Capital Adequacy Ratio % 18.5 16.6 15.5
Net Interest Margin % 3.50 3.42 3.35
Loans (As % Of Deposits) % 76.5 74.9 74.6
NPLs (As % Of Loans) % 8.60 7.70 6.50
Provisions (As % Of NPLs) % 53.6 59.4 57.6
Growth Rates 2015 2016 2017
Total Revenue Growth % -3.27 8.35 -2.11
Operating Cost Growth % 5.39 -3.14 9.56
Operating Profit Growth % -14.0 25.8 -15.8
Net Profit Growth % -16.9 5.36 13.5
Customer Loan Growth % 12.7 8.85 12.1
Total Asset Growth % 9.37 6.27 10.00
Customer Deposit Growth % 12.7 11.1 12.6
Shareholders' Equity Growth % -3.60 1.97 9.67
Employees 5,379 5,265 5,314

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summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Net Interest Income RON mil                   1,065 1,144 1,103 1,045 1,055    
Total Revenues RON mil                   1,928 2,025 2,073 2,073 2,005    
Operating Profit RON mil                   710 816 864 925 796    
Net Profit RON mil                   428 397 483 513 426    
balance sheet                                
Interbank Loans RON mil                   704 783 761 904 1,139    
Customer Loans RON mil                   14,844 15,104 15,397 16,110 18,154    
Debt Securities RON mil                   4,136 3,283 3,660 3,306 4,116    
Total Assets RON mil                   24,275 24,022 26,537 28,789 31,487    
Shareholders' Equity RON mil                   2,705 2,862 3,073 3,330 3,211    
Interbank Borrowing RON mil                   3,154 3,243 2,531 2,010 2,252    
Customer Deposits RON mil                   17,148 16,982 19,607 21,068 23,740    
Issued Debt Securities RON mil                   604 233 1,064 1,671 1,690    
ratios                                
ROE %                   16.6 14.2 16.3 16.0 13.0    
ROA %                   1.84 1.64 1.91 1.85 1.41    
Costs (As % Of Assets) %                   5.24 5.01 4.78 4.15 4.01    
Costs (As % Of Income) %                   63.2 59.7 58.3 55.4 60.3    
Capital Adequacy Ratio % ... ... ...           ... ... 14.2 17.3 20.2 18.5    
Net Interest Margin %                   4.58 4.74 4.36 3.78 3.50    
Interest Income (As % Of Revenues) %                   55.2 56.5 53.2 50.4 52.6    
Fee Income (As % Of Revenues) %                   32.1 28.5 30.0 32.8 31.4    
Staff Cost (As % Of Total Cost) %                   42.3 43.2 42.6 41.9 43.7    
Equity (As % Of Assets) %                   11.1 11.9 11.6 11.6 10.2    
Loans (As % Of Deposits) %                   86.6 88.9 78.5 76.5 76.5    
Loans (As % Assets) %                   61.2 62.9 58.0 56.0 57.7    
NPLs (As % Of Loans) % ... ... ... ...           7.26 8.59 10.7 9.08 8.60    
Provisions (As % Of NPLs) % ... ... ... ...           66.8 64.3 59.8 62.3 53.6    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                
Interest Income RON mil                   1,629 1,741 1,569 1,368 1,285    
Interest Cost RON mil                   564 597 466 323 231    
Net Interest Income RON mil                   1,065 1,144 1,103 1,045 1,055    
Net Fee Income RON mil                   619 576 622 680 630    
Other Income RON mil                   244 304 348 348 293    
Total Revenues RON mil                   1,928 2,025 2,073 2,073 2,005    
Staff Cost RON mil                   516 522 515 481 528    
Depreciation RON mil                   113 94.5 85.0 74.4 79.3    
Other Cost RON mil                   590 592 609 592 602    
Operating Cost RON mil                   1,219 1,209 1,209 1,148 1,210    
Operating Profit RON mil                   710 816 864 925 796    
Provisions RON mil                   207 350 359 314 289    
Extra and Other Cost RON mil                   -3.40 0 -1.04 0 -3.25    
Pre-Tax Profit RON mil                   506 466 506 611 510    
Tax RON mil                   78.4 69.1 22.0 98.6 83.3    
Minorities RON mil                   0 0 0 0 0    
Net Profit RON mil                   428 397 483 513 426    
growth rates                                
Net Interest Income Growth % ...                 15.7 7.41 -3.59 -5.26 0.916    
Net Fee Income Growth % ...                 -10.5 -6.94 7.89 9.38 -7.36    
Total Revenue Growth % ...                 3.46 5.00 2.38 -0.014 -3.27    
Operating Cost Growth % ...                 0.177 -0.800 0.004 -5.07 5.39    
Operating Profit Growth % ...                 9.63 15.0 5.91 7.06 -14.0    
Pre-Tax Profit Growth % ...                 12.9 -7.99 8.70 20.7 -16.6    
Net Profit Growth % ...                 11.4 -7.28 21.8 6.17 -16.9    
market share                                
Market Share in Revenues %                   8.42 ... ... ... ... ... ...
Market Share in Net Profit % ...               ... ... ... ... ... ... ... ...
Market Share in Employees % ... ...               10.2 8.90 8.92 8.98 9.62    
Market Share in Credit Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Market Share in Branches % ... ...               8.98 9.17 ... ... ... ... ...
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                
Cash RON mil                   4,047 4,330 6,262 7,853 6,981    
Interbank Loans RON mil                   704 783 761 904 1,139    
Customer Loans RON mil                   14,844 15,104 15,397 16,110 18,154    
Retail Loans RON mil                   8,528 8,936 9,746 10,132 13,913    
Mortgage Loans RON mil ... ... ... ... ... ... ... ... ... ... ... ... 3,152 3,890    
Consumer Loans RON mil ... ... ... ... ... ... ... ... ... ... ... ... 8,880 10,023    
Corporate Loans RON mil                   6,746 6,608 5,651 5,979 3,363    
Debt Securities RON mil                   4,136 3,283 3,660 3,306 4,116    
Fixed Assets RON mil                   386 327 337 309 300    
Total Assets RON mil                   24,275 24,022 26,537 28,789 31,487    
Shareholders' Equity RON mil                   2,705 2,862 3,073 3,330 3,211    
Of Which Minority Interest RON mil                   0 0 0 0 0    
Liabilities RON mil                   21,570 21,161 23,465 25,458 28,276    
Interbank Borrowing RON mil                   3,154 3,243 2,531 2,010 2,252    
Customer Deposits RON mil                   17,148 16,982 19,607 21,068 23,740    
Retail Deposits RON mil                   9,844 10,386 12,396 14,232 15,951    
Corporate Deposits RON mil                   7,063 6,455 7,199 6,648 7,789    
Sight Deposits RON mil ... ... ... ... ... ... ... ... ... ... ... 5,360 6,813 11,720    
Term Deposits RON mil ... ... ... ... ... ... ... ... ... ... ... 14,246 14,253 12,020    
Issued Debt Securities RON mil                   604 233 1,064 1,671 1,690    
Other Liabilities RON mil                   664 703 263 710 595    
asset quality                                
Non-Performing Loans RON mil ... ... ... ...           1,132 1,373 1,758 1,551 1,637    
Gross Loans RON mil                   15,601 15,987 16,449 17,077 19,031    
Total Provisions RON mil                   757 883 1,052 967 877    
growth rates                                
Customer Loan Growth % ...                 18.6 1.75 1.94 4.63 12.7    
Retail Loan Growth % ...                 18.2 4.79 9.06 3.95 37.3    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... 23.4    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... 12.9    
Corporate Loan Growth % ...                 29.6 -2.04 -14.5 5.80 -43.8    
Total Asset Growth % ...                 9.38 -1.04 10.5 8.48 9.37    
Shareholders' Equity Growth % ...                 11.2 5.79 7.37 8.39 -3.60    
Customer Deposit Growth % ...                 8.66 -0.969 15.5 7.45 12.7    
Retail Deposit Growth % ...                 17.3 5.51 19.4 14.8 12.1    
Corporate Deposit Growth % ...                 -3.08 -8.60 11.5 -7.65 17.2    
market share                                
Market Share in Customer Loans %                   6.66 6.69 7.05 7.63 8.35    
Market Share in Corporate Loans %                   5.85 5.56 5.03 5.67 3.21    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ... ... ... ... 15.4 17.9    
Market Share in Consumer Loans %                   8.18 8.55 9.44 9.92 12.9    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ... ... ... ... 7.07 7.49    
Market Share in Total Assets %                   6.86 6.57 7.33 7.91 8.35    
Market Share in Customer Deposits %                   9.16 8.61 9.09 9.03 9.37    
Market Share in Retail Deposits %                   8.73 8.50 9.56 10.3 10.9    
Market Share in Corporate Deposits %                   11.3 10.5 10.2 8.27 8.52    
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                
ROE %                   16.6 14.2 16.3 16.0 13.0    
ROA %                   1.84 1.64 1.91 1.85 1.41    
Costs (As % Of Assets) %                   5.24 5.01 4.78 4.15 4.01    
Costs (As % Of Income) %                   63.2 59.7 58.3 55.4 60.3    
Capital Adequacy Ratio % ... ... ...           ... ... 14.2 17.3 20.2 18.5    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... 13.0 13.1 15.1 13.9    
Net Interest Margin %                   4.58 4.74 4.36 3.78 3.50    
Interest Spread % ...                 4.28 4.42 4.12 3.63 3.41    
Asset Yield %                   7.01 7.21 6.21 4.94 4.27    
Cost Of Liabilities % ...                 2.73 2.80 2.09 1.32 0.859    
Interest Income (As % Of Revenues) %                   55.2 56.5 53.2 50.4 52.6    
Fee Income (As % Of Revenues) %                   32.1 28.5 30.0 32.8 31.4    
Other Income (As % Of Revenues) %                   12.6 15.0 16.8 16.8 14.6    
Cost Per Employee USD per month ... ...               2,109 2,282 2,467 2,228 2,085    
Cost Per Employee (Local Currency) RON per month ... ...               6,431 7,918 8,209 7,734 8,186    
Staff Cost (As % Of Total Cost) %                   42.3 43.2 42.6 41.9 43.7    
Equity (As % Of Assets) %                   11.1 11.9 11.6 11.6 10.2    
Loans (As % Of Deposits) %                   86.6 88.9 78.5 76.5 76.5    
Loans (As % Assets) %                   61.2 62.9 58.0 56.0 57.7    
NPLs (As % Of Loans) % ... ... ... ...           7.26 8.59 10.7 9.08 8.60    
Provisions (As % Of NPLs) % ... ... ... ...           66.8 64.3 59.8 62.3 53.6    
Provisions (As % Of Loans) %                   5.10 5.85 6.83 6.00 4.83    
Cost of Provisions (As % Of Loans) %                   1.51 2.34 2.35 1.99 1.69    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                
Branches ... ...               543 525 528 532 510    
Employees ... ...               6,682 5,498 5,227 5,185 5,379    
Credit Cards '000 ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... 27.3 32.3 49.4    

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Raiffeisen Romania's net profit rose 13.5% to RON 510 mil in 2017

By Helgi Analytics - May 29, 2018

Raiffeisen Bank Romania made a net profit of RON 510 mil under revenues of RON 2,127 mil in 2017, up 13.5% and -2.11% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RON 614 mil in 2008 and an all time low of ...

Raiffeisen Romania's net interest margin fell 2.09% to 3.35% in 2017

By Helgi Analytics - May 29, 2018

Raiffeisen Bank Romania's net interest margin amounted to 3.35% in 2017, down from 3.42% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.12% in 2008 and an all time low of 3.35% in 2017. The aver...

Raiffeisen Romania's corporate deposits rose 11.9% to RON 8,935 mil in 2017

By Helgi Analytics - July 16, 2018

Raiffeisen Bank Romania's corporate deposits reached RON 8,935 mil in 2017, up 11.9% compared to the previous year. Romanian banking sector accepted corporate deposits of RON 107 bil in 2017, up 12.3% when compared to the last year. Raiffeisen Bank Romani...

Raiffeisen Romania's npls (as % of loans) fell 15.6% to 6.50% in 2017

By Helgi Analytics - May 29, 2018

Raiffeisen Bank Romania's non-performing loans reached 6.50% of total loans at the end of 2017, down from 7.70% compared to the previous year. Historically, the NPL ratio hit an all time high of 11.5% in 2009 and an all time low of 2.23% in 2007. Provision ...

Raiffeisen Romania's costs (as % of assets) rose 1.27% to 3.65% in 2017

By Helgi Analytics - May 29, 2018

Raiffeisen Bank Romania's cost to income ratio reached 60.4% in 2017, up from 53.9% compared to the previous year. Historically, the bank’s costs reached an all time high of 84.3% of income in 2004 and an all time low of 53.9% in 2016. When compared to tot...

Raiffeisen Romania's employees rose 0.931% to 5,314 in 2017

By Helgi Analytics - May 29, 2018

Raiffeisen Bank Romania employed 5,314 persons in 2017, up 0.931% when compared to the previous year. Historically, the bank's workforce hit an all time high of 7,322 persons in 2008 and an all time low of 4,650 in 2004. Average cost reached USD 2,129 per month p...

Raiffeisen Romania's net interest income rose 5.93% to RON 1,178 mil in 2017

By Helgi Analytics - May 29, 2018

Raiffeisen Bank Romania generated total banking revenues of RON 2,127 mil in 2017, down 2.11% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RON 2,172 mil in...

Raiffeisen Romania's capital adequacy ratio fell 6.33% to 15.5% in 2017

By Helgi Analytics - May 29, 2018

Raiffeisen Bank Romania's capital adequacy ratio reached 15.5% at the end of 2017, down from 16.6% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 20.2% in 2014 and an all time low of 14.2% in 2012. The Tier 1 rat...

Raiffeisen Romania's corporate loans rose 17.8% to RON 4,786 mil in 2017

By Helgi Analytics - December 12, 2019

Raiffeisen Bank Romania's corporate loans reached RON 4,786 mil in 2017, up 17.8% compared to the previous year. Romanian banking sector provided corporate loans of RON 104 bil in 2017, up 2.46% when compared to the last year. Raiffeisen Bank Romania acco...

Raiffeisen Romania's customer loan growth rose 37.2% to 12.1% in 2017

By Helgi Analytics - May 29, 2018

Raiffeisen Bank Romania's customer loan growth reached 12.1% in 2017, up from 8.85% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 162% in 2003 and an all time low of -3.29% in 2009. In the last decade, th...

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Raiffeisen Bank S.A. (or Raiffeisen Bank Romania) is a Romania-based universal bank with a 7% market share by assets. The Bank resulted from the merger of Raiffeisenbank S.A. and the Romanian state-owned Banca Agricola. At the end of 2013, the Bank served more than 2 million clients through 528 branches giving a job to more than 5,300 persons. The Bank offers a typical range of banking services and products for retail as well as corporate segment, but provides also investment banking and treasury services, asset management, private banking, or leasing, for example. The Bank is a subsidiary of Raiffeisen Bank International AG (RBI), which is one of the biggest players in the emerging Europe.

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Finance

Raiffeisen Bank Romania has been growing its revenues and asset by 3.97% and 8.37% a year on average in the last 10 years. Its loans and deposits have grown by 9.70% and 8.69% a year during that time and loans to deposits ratio reached 74.6% at the end of 2017. The company achieved an average return on equity of 16.8% in the last decade with net profit growing 4.78% a year on average. In terms of operating efficiency, its cost to income ratio reached 60.4% in 2017, compared to 59.4% average in the last decade.

Equity represented 9.76% of total assets or 16.2% of loans at the end of 2017. Raiffeisen Bank Romania's non-performing loans were 6.50% of total loans while provisions covered some 57.6% of NPLs at the end of 2017.