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Raiffeisen Bank's five-year plan

Austrian group Raiffeisen, owner of the main stake in Raiffeisen Bank Romania, has recently approved the bank's five-year strategy for the Romanian market. The bank will go for a heftier market share, up to 12% and for more than 20% return on equity. "Our shareholders approved the bank's five-year strategy several months ago

Ziarul Financiar · 20 iulie 2003 · 1 min de citit

Austrian group Raiffeisen, owner of the main stake in Raiffeisen Bank Romania, has recently approved the bank’s five-year strategy for the Romanian market. The bank will go for a heftier market share, up to 12% and for more than 20% return on equity. “Our shareholders approved the bank’s five-year strategy several months ago. According to the strategy, 2003 should be the first profitable year for the bank, with ROE (return on equity) set to exceed 20% in the next five years,” said Steven van Groningen, president of Raiffeisen Bank. ZF



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