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as of 17/04/2025 08:26:17
The European Investment Fund (EIF) and Raiffeisenbank (Bulgaria) EAD, a subsidiary of Raiffeisen Bank International AG, have signed a guarantee agreement to increase lending to innovative small and medium-sized enterprises (SMEs) and small mid-caps in Bulgaria.
“Choose to Help”, Raiffeisenbank’s donation campaign, raised BGN 6 722 in support of the project of the National Museum“Vasil Levski“, Karlovo – “The Apostle in Children’s Eyes”. The funds were gathered by personal donations of Raiffeisen Group’s employees, as well as by the bank, which added BGN 100 to each donation made by an employee.
Raiffeisenbank (Bulgaria) EAD (RBBG) publishes its regular monthly economic review with comments on the macroeconomic data available in middle of August.
In the first half of 2015, Raiffeisen Bank International AG (RBI) generated a profit before tax of € 467 million, which was 10 per cent or € 51 million below the comparable level of the previous year’s period. While the operating result was 14 per cent below the previous year's level due to falling net interest income; higher valuation results from derivatives and lower one-off effects than in the previous year (provision for the Settlement Act in Hungary) resulted in an improvement in profit be
“It was foreseeable that 2014 would be a key year for the European banking sector and that banks with a presence in Central and Eastern Europe (CEE)* would be tested.
“In the first quarter, our operative business developed in line with our expectations. The first months of this year, however, were driven by an extraordinary high FX volatility. In particular, the development of Swiss franc, rouble, hryvnia, and US dollar had a strong impact on our results. The significant devaluation of the hryvnia, for instance, had a strong negative effect on our net trading income. The appreciation of rouble, US dollar, and Swiss franc led to a rise in our RWA. At the same