The bank’s net interest income decreased by 4.8 percent to 4.04 billion crowns. The bank mainly attaches this decline to lower market rates due to the easing of monetary policy in connection with the coronavirus epidemic.
–
On the other hand, the volume of loans provided to clients increased by 3.8 percent year-on-year to CZK 252 billion. The total amount of deposits from clients increased by 17.8 percent year-on-year to 320 billion crowns.
–
Net fee income fell by 6.8 percent to 795 million crowns. The bank’s other income, which mainly includes income from operations on the financial markets, fell by 26.7 percent year-on-year to CZK 495 million. The bank’s assets increased by 12 percent to 414.1 billion crowns.
–
Raiffeisenbank has been providing banking services on the Czech market since 1993. The majority shareholder is the Austrian Raiffeisen Bank International, whose net profit fell by 44 percent year-on-year to EUR 192 million (approximately CZK 5 billion) in the second quarter.
—
