Saved pages

Here you can bookmark favorite pages for later by clicking on the “Save” button at the top of the page.

    Viewed pages

    List of last viewed pages.

    Raiffeisenbank increases its capital base by EUR 10 Mio to support its dynamic development on the Bulgarian market


    Raiffeisenbank (Bulgaria) EAD increases the supplementary capital by EUR 10 Mio in the form of debt-capital hybrid instrument. The increase is for implementation the decision of the sole owner of the bank Raiffeisen International Bank-Holding AG and to support the dynamic development of Raiffeisenbank on the Bulgarian market.

    In 2004 Raiffeisenbank (Bulgaria) EAD significantly improved its market positions in various segments. The bank has registered a record high assets growth of 137% reaching BGN 2 Bio Profit after tax totaled BGN 24.5 Mio, indicating a strong 77% growth in 2004. These excellent results have positioned Raiffeisenbank among the fastest growing institutions in Bulgaria and Central and Eastern Europe for 2004.

    By maintaining an excellent quality of assets the bank’s loan portfolio increased by 50.9% in the past year, reaching BGN 1 Bio. Customer deposits have also increased by 157% to BGN 1 320 Mio. Raiffeisenbank consolidated its strong position as a leading lender to corporates with a market share above 9%. The SME loan portfolio has been growing faster than the market, while the loans to private customers recorded an exceptional three-fold increase to BGN 102 Mio.

    Raiffeisenbank has continued to develop its branch network and presently the bank has 52 units.

    In 2004 Raiffeisenbank was the first Bulgarian bank to set up a network of its own mobile bankers. The bank also offers loans by phone through its Call Center.

    Raiffeisenbank is one of the leading Bulgarian banks in attracting medium and long term financing from international financial institutions and commercial banks. In June 2004 Raiffeisenbank received a EUR 75 mln syndicated loan from 18 banks with Deutsche Bank AG and WEST LB as Leading Managers. The total amount of the attracted credit lines from foreign banks, including the European Bank for Reconstruction and Development, European Investment Bank, Council of Europe Development Bank and Kreditanstalt fuer Wiederaufbau (KfW), totaled EUR 70 mln.


    Public relations section


    Welcome to our website.

    Please select a profile:

    Welcome to our website.