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Raiffeisenbank raises loans by 10.9%

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Raiffeisenbank extended loans totalling CZK 189bn to its clients in 2015, up 10.9% y/y. Client deposits grew 11.6% to CZK 184bn. The bank’s total assets increased by 9% to CZK 246bn. Net profit gained 24% to CZK 2.54bn. Raiffeisenbank reported capital adequacy totaling 18.18%. CEO and board of directors chairman Igor Vida has stated that the demand for banking products in 2015 benefited from good economic development.

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