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Raiffeisen Bank Romania reported a consolidated net profit of 1.686 billion lei ($365 million) for 2024, a slight decrease from 1.701 billion lei in 2023, attributed to rising operational costs and a new 2% banking tax. Operating income grew to 4.101 billion lei, while net interest income rose to 3.05 billion lei. The bank's total assets reached 82.878 billion lei, serving over 2.3 million clients through 272 units across Romania.
Raiffeisen Bank in Romania introduces new facilities for clients, including a secure process for Visa card delivery, where undelivered cards are held for pickup. A special promotion offers a bonus for shopping card users, valid until March 2025, alongside enhancements to the mobile app for better financial management. The bank emphasizes innovation and customer satisfaction through personalized services and improved digital experiences.
In 2024, Raiffeisen Bank Romania reported significant growth, with assets exceeding 82 billion RON and a net profit of 1.67 billion RON, driven by a 10% increase in new financial products and a 440% rise in digitally enrolled customers. The bank's digital transformation continued, enhancing services like the Smart Mobile app and launching the MoonshotX program to support corporate growth. With a strong focus on ESG assets and a solid capital adequacy ratio of 21.80%, Raiffeisen Bank remains committed to fostering the Romanian economy.
The banking markets in Central and South Eastern Europe (CE/SEE) are thriving, with a return on equity averaging 15-20% in 2024, significantly outperforming the eurozone. The region's economic resilience, low unemployment, and higher interest rates contribute to strong profitability, attracting interest from major banks and potential consolidation opportunities. Despite challenges, the CE/SEE banking sector is positioned as a lucrative market, particularly in Poland and Romania.
Ronin, a gaming blockchain built on Ethereum, has partnered with Transak to simplify NFT and crypto purchases. Users can now buy RON, USDC, WETH, and SLP directly with fiat currencies using credit and debit cards, making transactions as easy as traditional online shopping. Additionally, Transak's NFT Checkout is integrated into Mavis Market, allowing for seamless NFT purchases without needing pre-purchased crypto.
Ronin Network has partnered with Transak to facilitate fiat-to-crypto transactions and NFT purchases, allowing gamers to use credit cards and Apple Pay for direct purchases. The integration includes Transak’s NFT Checkout service in Mavis Market, enabling users to buy NFTs without needing prior cryptocurrency. Transak aims to simplify blockchain interactions for gamers by 2025, while also addressing a recent data breach that exposed information of over 92,000 users.
Ronin's DeFi total value locked (TVL) surged 149% year-over-year to $147 million in Q3 2024, driven by a 30% rise in the RON token price and increased ecosystem adoption. Despite a 36% drop in native token TVL, RON holders grew by 11,611%, reaching 527,000. Katana DEX dominates with 99% of the TVL, while daily transactions soared 2,300% compared to Q3 2023, despite a 20% decline in average transaction fees. However, the platform faced security challenges, including a $12 million loss from a smart contract flaw in August 2024.
Raiffeisen Bank, a leading Romanian bank, offers enticing rewards for customers, including 200 lei for each friend who opens a current account and up to 300 lei for new customers with the Yellow Card, which supports charitable donations. The bank emphasizes digital convenience through its Smart Mobile application, allowing customers to manage finances effortlessly from home, including opening accounts and accessing various services. Additionally, frequent travelers can benefit from the Around the World insurance, available entirely online, ensuring peace of mind during their journeys.
Ronin Network surged to the third most-used blockchain in November, with daily active addresses increasing by 93.43% to over 1.25 million. The ecosystem saw a 28.95% rise in Total Value Locked, reaching $169.05 million, while RON stakers grew to 484,540. Recognized globally for its achievements, Ronin is poised for further expansion with upcoming initiatives planned for 2025.
Raiffeisen Bank SA has been fined RON 99,466 (approximately $21,082) by the National Supervisory Authority for Personal Data Processing (ANSPDCP) for breaching GDPR regulations. The penalty follows an investigation revealing that an employee misused a client's credit application to secure a loan, despite the client's withdrawal of consent.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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