Raiffeisen Polbank with net profits up by 130%

Polish unit of Raiffeisen Bank International, Raiffeisen Polbank recorded PLN 337.7 million net profits in 2014, an increase of 129 percent on an annual basis. Credits volume increased by 6 percent y/y to PLN 39.8 billion, customers' deposits rose by 9 percent y/y to 32.9 billion. Operational costs fell by 10 percent y/y, the number of corporate clients grew by 6 percent to 13,000.