Arab Today, arab today raiffeisen bank international records 71 profit slump
Last Updated : GMT 00:29:47
Arab Today, arab today
Arab Today, arab today

Business conditions remain ‘strained’ in Europe

Raiffeisen Bank International records 71% profit slump

Arab Today, arab today

Arab Today, arab today Raiffeisen Bank International records 71% profit slump

Profits drop by around €400m
Vienna – Arabstoday

Profits drop by around €400m Vienna – Arabstoday Raiffeisen Bank International (RBI) of Austria reported on Tuesday that net profit slumped by 71.0 percent in the first quarter of the year because previous results had been boosted by special factors.
But the bank, which has big interests in eastern and central Europe, also said that business conditions in several countries in that region remain \"strained.”
Weak economic activity in the eurozone had weighed on markets in central Europe, the bank said, but also advised that it expected to see a \"progressive recovery\" in the second half of the year and consequently an increase in the demand for loans.
The bank increased its provisions for bad loans in the region by about 44.0 percent to €220m ($284m).
The bank said that it reserved the option of making a capital increase, depending on trends on financial markets.
Net profit for the quarter was €157m from €541m in the first quarter of last year.
Analysts had broadly expected the fall because the comparable figure last year had been boosted by exceptional gains from the sale of bonds.
However, operating profit fell by 5.2 percent to €514m.
The bank said that it had reduced losses in Hungary, and that the integration of Polish bank Polbank, planned for the first half of next year, was on track.
RBI intends to economise €50-60m by 2015 by means of rationalising its cost base.
For the whole of 2013, the bank said it expected risk provision to be little changed from the level last year.
In the first quarter, the ratio of core shareholder funds fell slightly to 10.6 percent of weighted risks underwritten from 10.7 percent at the end of 2012.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today raiffeisen bank international records 71 profit slump Arab Today, arab today raiffeisen bank international records 71 profit slump

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 08:51 2017 Saturday ,25 February

Shaking off dieselgate, VW races back into profit

GMT 08:48 2017 Saturday ,25 February

France's Macron takes on critics over 'vague' programme

GMT 10:10 2017 Friday ,24 February

France's Macron gets boost, but election is wide open

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday