RBI: Analysts Expect Drastic Losses of 60 Percent

Businessn.a. ♦ Published: August 21, 2013; 12:04 ♦ (Vindobona)

The Hungarian market in particulary is giving Raiffeisen Bank International (RBI) a hard fight. Business has been on an all time low for years.

RBI: Analysts Expect Drastic Losses of 60 Percent / Picture: © Raiffeisen Bank International AG / S. Klimpt

Analysts of Erste Group, Kepler Cheuvreux and of Keefe, Bruyette & Woods expected massive losses in profits. The results for the first half year are supposed to be published coming Thursday. On average, a net profit of € 284.6m is expected, which is significantly lower than the value for the same period of the previous year which came to € 701m and equals a drop of 59…