Some BGN 284,398 has so far been raised in Raiffeisenbank’s fourth donation campaign “Choose to Help”, about 70% of it donated for healthcare projects.
With regard to the annual closing, we would like to inform you of changes in the cut-off times for submitting and processing local and foreign currency payments.
According to the bank’s analyst team, in Q3 the Bulgarian economy continued developing in a similar fashion to the one observed in the first half of 2012
There is growth of loans (up 1 per cent y-o-y) and deposits (up 5.9 per cent y-o-y). The Capital adequacy ratio is 16.8 per cent (considerably above the minimum requirement). Credit lines of EUR 376 million are secured from international financial institutions.
We achieved a pleasing result in the first three quarters despite the weak economic growth in Europe, the measures to improve our capital ratio and the low interest rate environment weighing on our net interest income.
Raiffeisenbank (Bulgaria) EAD has won a new project for personnel training, which will be carried out with the financial support of the Operational Programme “Human Resources Development” 2007-2013, co-financed by European Union’s European Social Fund.