Raffeisenbank has maintained a consistent lead in Serbia and Montenegro among foreign-owned banks, since it was the first bank with 100% foreign capital to be established in the federation, in early 2001.
The past 12 months have been a success, with total assets growing in 2002 by 101%, and profit before tax growing by 111%. Staff numbers have also grown, and perhaps the biggest success of the bank has been in foreign direct investment, 52% of which is routed via Raffeisenbank.
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