The bank’s total operating income fell by 12.3 percent to 7.72 billion crowns. Of this, net interest income amounted to 5.6 billion crowns, which represents a year-on-year decrease of 13.8 percent.
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Operating costs reached 4.7 billion crowns, which is 1.4 percent less than in the same period last year. According to the bank, this decline is due to a reduction in marketing expenses and staff costs.
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Raiffeisenbank has been operating on the Czech market since 1993. Its majority shareholder is the Austrian institution Raiffeisen Bank International AG.
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The building of Raiffeisen Bank International, the mother of the Czech Raiffeisenbank, in Vienna.
Photo: Leonhard Foeger, Reuters
