Raiffeisen Bank Romania reports record results for investment plans, voluntary pensions and life insurance products in 2023

In 2023, Raiffeisen Bank Romania recorded a 130 percent increase in investment plans, voluntary pensions and life insurance with a savings component, as well as record guarantees from the European Investment Fund, enabling the financing of Romanian SMEs with more than 650 million Euro in the coming years.

“We conclude the first year of BANKING 1:1 with outstanding results that reinforce our status as the financial institution of the future. We have continued to grow in two dimensions, both in the scope of our banking services and in our ability to offer the best financial planning. The performance of 2023 is due to the fresh perspective we bring to the banking industry, but above all to our teams who engage in 1:1 dialog with our clients,” said Zdenek Romanek, President and CEO, Raiffeisen Bank Romania.

Raiffeisen Bank Romania’s experts held one-on-one financial planning discussions with customers, and by the end of 2023, investment plans, voluntary pensions and life insurance with a savings component had grown by more than 130 percent. More than 100,000 such products were initiated by Raiffeisen Bank customers in 2023, a press release shows.

Raiffeisen Bank Romania’s total assets exceeded RON 70 billion at the end of 2023, up 13 percent year-on-year, and total income in 2023 increased by 16 percent compared to 2022, reaching RON 3.7 billion. RON. Profits amount to RON 1.7 billion (+39 percent).

Operating expenses increased by 10 percent, as part of the development of the digital infrastructure and the streamlining of operational processes, and the very good risk profile of the bank’s customers was an important factor in the solid financial performance in 2023.

Customer savings exceeded RON 54 billion, consolidated by 10 percent year-on-year and with a positive impact in all business segments, in the context of a higher volume of term deposits. During 2023, the interest rates offered to customers for both RON and foreign currency savings products gradually increased.

The net loans exceeded RON 40.7 billion, up 3 percent year-on-year, mainly from the corporate customer segments.

On average, more than 40 percent of mortgage loans to individuals in 2023 were green loans.

Corporate loans increased by 8 percent year-on-year, both through the participation in the financing of sustainable projects (renewable energy, energy efficiency) and social projects, thus supporting the development of clients’ businesses and the Romanian economy.

Lending to SMEs also showed an upward trend (+7 percent year-on-year). They are responding to customer needs with tailored lending solutions and the possibility to opt for government programs such as SME Invest.