Raiffeisen banks are approaching reunification

Published: June 8, 2010; 00:00 · (Vindobona)

Raiffeisen International, performed better than expected in the first quarter of 2010.

Raiffeisen banks are approaching reunification / Picture: © Flickr / St. Petersburg International Economic Forum

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…

This article includes a total of 268 words.

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