Raiffeisen spent 32m euros on rent last year

Tuesday, October 27th, 2009

      Raiffeisen Bank, one of the leading players on the Romanian market, spent the equivalent of almost 32 million euros (117.3 million RON) in 2008 on rents for bank offices, having continued to expand its network to 553 branches. The sum in RON rose 1.6 times against 2007, to 117.3 RON. The most expensive location is the bank’s headquarters, which take up five floors in Charles de Gaulle Plaza, where rent amounts to around 20 euros/square metre. This year the bank has been in a position to renegotiate rent in the context of the real estate crisis, relying on this as a major source of savings.

Source: Ziarul Financiar, 27.11.2009
http://www.zf.ro/zf-english/raiffeisen-spent-32m-euros-on-rent-last-year-5135841/

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