Retail starts paying off for Raiffeisen
The retail sector and the products developed for this market have started to contribute to Raiffeisen Bank's growth as of this year, whereas in 2002, it was the financing for companies that sustained the development of the lending and implicitly of the bank, chairman Steven van Groningen said
The retail sector and the products developed for this market have started to contribute to Raiffeisen Bank’s growth as of this year, whereas in 2002, it was the financing for companies that sustained the development of the lending and implicitly of the bank, chairman Steven van Groningen said. According to Van Groningen, the bank’s assets amounted to some 775 million euros at the end of June, up 50% from the year-ago period. Moreover, the credit balance for the first half was 137% higher than in June last year and was worth 330 million euros. The lending volume progressed 25% from December 2002. ZF
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