Raiffeisenbank’s profit fell by a third. Competitors are doing the same

This year, Raiffeisenbank’s operating income decreased by 5.25 percent to K 12.87 billion. In the same year, income decreased by 10.8 percent to K 9.84 billion. certain income from fees and commissions fell by 5.5 percent to K 3.07 billion. The bank’s operating costs of K 6.6 billion decreased by 3.5 percent in the meantime.

The volume of loans provided to Raiffeisenbank clients increased by 2.9 percent to K361 billion. The growth was both on the household side in the form of mortgage and consumer loans, and on the side of companies, especially project loans. The volume of deposits received from clients increased by 10.2 percent year-on-year to K543 billion. The growth was driven by increasing balances on savings accounts and term deposits, both for households and companies.

Raiffeisenbank ranks among the largest banks in Esko. This is why you can make extra profits. The so-called windfall tax was approved by the government as a 60 percent tax on excess profits. The answer to the difference between the tax stock and the average tax stock for the last three years increased by 20 percent. The income from taxes should, however, be used to cover the extraneous costs that may arise in connection with the energy price ceiling.

the profit for those quarters also fell for other banks. At esk spoitelna, it was by 2.9 percent to 14.6 billion kroner, at Komern banka by 4.9 percent to 12.4 billion kroner, and at Moneta Money Bank by 3.7 percent to three billion kroner. On the contrary, the Czech and Slovak UniCredit Bank reported a profit of 8.5 billion crowns, which was about a quarter more than the first.

Raiffeisenbank has been providing banking services in R since 1993. The majority shareholder is the Austrian financial institution Raiffeisen Bank International.