Austria: RBI Expects Stabilization

People ♦ Published: October 17, 2013; 18:00 ♦ (Vindobona)

Business in CEE seems to be in an up again. RBI is preparing for an IPO at the Warsaw stock exchange.

Austria: RBI Expects Stabilization / Picture: © Raiffeisen Bank International AG

”In the coming quarters the situation will stabilize,“ CFO of RBI Martin Grüll announced on Thursday during “Gewinn“ fair in Vienna. In regard to the bank expecting any unpleasant surprises with non-performing loans he said: “It deteriorates. There is nothing causing us to be concerned.” Only in September the bank announced having to create provisions in the amount of €…