Bilansi uspjeha - Raiffeisen Bank
Bilansi uspjeha - Raiffeisen Bank
Bilansi uspjeha - Raiffeisen Bank
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Report by the President<br />
of the Supervisory Board<br />
On behalf of the Supervisory Board of <strong>Raiffeisen</strong> BANK d.d. Bosna i Hercegovina, I can again report with plea-<br />
sure about the successful business activities of the previous year. <strong>Raiffeisen</strong> BANK maintained its stable growth<br />
and position of the bank with the highest assets. As of December 31, 2005, the <strong>Bank</strong>’s assets reached KM 2,5<br />
billion.<br />
Owing to the high professionalism of the management and employees, as well as the continuous adjustment to the<br />
needs of the local banking sector, which is in continuous development and becoming more and more competitive,<br />
the bank kept its leading position.<br />
The success of the <strong>Bank</strong> was certainly based on the clear focus on the development of the business network, which<br />
is today available for customers throughout Bosnia and Herzegovina.<br />
From the very beginning of its operations, the <strong>Bank</strong> has had a pioneer role in introducing new products and busi-<br />
ness opportunities. It was amongst the first banks which signed the Agreement for Deposit Insurance, amongst<br />
the most successful banks in the transition process of international payments from the State Clearing Agency to<br />
commercial banks, the most active bank in introducing the EURO and the first bank present in both entities. It<br />
was also one of the first banks to introduce card operations, an SME programme, internet banking service for<br />
corporate entities and, not least, the first bank contracting and distributing foreign credit lines (from DEG, KfW,<br />
IFC and others).<br />
It was the most significant bank in supporting the development of the local economy, the biggest creditor in the<br />
last five years and it had considerable share in big export financings.<br />
<strong>Raiffeisen</strong> BANK is an important part of <strong>Raiffeisen</strong> International <strong>Bank</strong>-Holding AG, one of the leading banking<br />
groups in the Central and Eastern Europe. The reason for <strong>Raiffeisen</strong> International’s success is its comprehensive<br />
presence in the region and its offering of state-of-the-art banking products and services across all business seg-<br />
ments.<br />
Although, according to Moody’s, BiH is in the group of countries with medium risk for foreign investments, there<br />
is considerable inflow of foreign capital, especially from European banking groups. In the previous year, lots of<br />
efforts were made to strengthen the country’s political and economic stability.It is realistic to expect that these<br />
efforts will lead to a further improvement of its international credit rating, which will in turn certainly contribute<br />
to decrease the price of capital, as well as to more favourable lending conditions both in the retail and the cor-<br />
porate segments.<br />
<strong>Raiffeisen</strong> International readily supports all initiatives of <strong>Raiffeisen</strong> BANK directed to the relevant authorities and<br />
institutions, which help to develop the financial sector in BiH.<br />
On behalf of all members of the Supervisory Board, I thank the management of BANK <strong>Bank</strong>, as well as all its<br />
employees for their dedicated work and professionalism. Also, I thank all customers which, through their business<br />
cooperation with us, have showed their trust. I believe that <strong>Raiffeisen</strong> BANK, following its strategy, will reach new<br />
successes in 2006.<br />
Herbert Stepic<br />
Chairman of the Supervisory Board<br />
Report by the President of the Supervisory Board<br />
www.raiffeisenbank.ba<br />
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