The group managed by Raiffeisen International Bank-Holding AG (RI), a fully consolidated subsidiary of Vienna-based Raiffeisen Zentralbank Österreich AG (RZB), earned profit before tax of € 342.2 million in the business year 2004.

Raiffeisenbank has decreased the initial interest rates to 5,8% p.a. for Micro business loans in Euro and US dollars secured by mortgage.

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.

5.8% is the initial annual interest rate for the first year and 8.5% for the rest term of the loan maturity.

For the first time, private customers – consumers of bank products can receive professional consultations for consumer and mortgage loans, bankcards and deposits without visiting a bank office.

Raiffeisenbank is among the most profitable and efficient financial institutions in Bulgaria for 2004 with Return on Equity (RoE) after tax of 32.8%.