RBI Doubles Net Profit, Pays Dividends Again and Returns to Growth Course

Professional ServicesFinancial Services ♦ Published: March 15, 2018; 11:59 ♦ (Vindobona)

RBI - Raiffeisen Bank International has doubled its profit in 2017 and rewards shareholders. They have not received any dividends since 2013. The bank had to pursue a sharp austerity course, reduce international business volumes, close branches in Eastern Europe and stop dividend payments. Russia remains the most important source of income.

RBI Raiffeisen Bank International is pleased to double its profit / Picture: © Raiffeisen Bank International / K. Keinrath

In 2017, RBI boss Johann Strobl succeeded in turning the corner

Net income doubled to 1.116 billion euros, with shareholders receiving 62 cents per share in dividends. "We'll grow again," Strobl announced.

In its markets in Central and Eastern Europe, the Bank is not only expanding its lending activities. Mortgage lending is booming, especially in the Czech…