Arab Today, arab today raiffeisen bank central europe gloom could ease
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today

Raiffeisen Bank: Central Europe gloom could ease

Arab Today, arab today

Arab Today, arab today Raiffeisen Bank: Central Europe gloom could ease

Vienna - AFP

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 220 million euros ($284 million). 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 157 million euros from 541 million euros 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 514 million euros. 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 50-60 million euros 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.

arabstoday
arabstoday

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 central europe gloom could ease Arab Today, arab today raiffeisen bank central europe gloom could ease

 



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 central europe gloom could ease Arab Today, arab today raiffeisen bank central europe gloom could ease

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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