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Raiffeisen Bank International: Profit Slump due to Provisions for Russia
Raiffeisen Bank International's consolidated profit decreased by over 50% in 2024 due to a €840 million provision from a Russian court ruling, which ordered the bank to pay EUR 2 billion in damages.
RBI's consolidated profit fell to EUR 1.16 billion (2023: EUR 2.39 billion), as RBI itself announced in a press release. / Picture: © Raiffeisen Bank International AG / S. Klimpt
Raiffeisen Bank International (RBI) recorded a massive profit slump in the 2024 financial year. According to the bank's preliminary figures, consolidated net profit fell to 1.16 billion euros, compared to 2.39 billion euros in the previous year. The main reasons for the decline are considerable extraordinary charges in connection with the bank's Russian business and high provisions for…
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