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Raiffeisen banks are approaching reunification
Raiffeisen International, performed better than expected in the first quarter of 2010.
Raiffeisen banks are approaching reunification / Picture: © Vindobona.org
The risk provisions fell by one third (€295m) while profit was doubled compared to last year’s first quarter to a nominal value of €166m.
Operating profit fell by a fifth to € 428m, which is explained by lower business volume in the East according to RI CEO Herbert Stepic.
“Raiffeisen Zentralbank” (RZB) now holds, almost 73 percent of the RI, and managed to…
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