RBI Posts Decline in Nine-Month Profit

Central- & Eastern Europe › Hungary ♦ Published: November 24, 2011; 09:57 ♦ (Vindobona)

The Austrian bank might have to write down the goodwill on its Ukrainian subsidiary. Consolidated profit declined by 4.8% to € 745m in the first three quarters.

RBI Posts Decline in Nine-Month Profit / Picture: © Raiffeisen Bank International AG / S. Klimpt

Raiffeisen Bank International AG (RBI) posted a consolidated profit (after tax and non-controlling interests) of € 745m for the first nine months of 2011, which represents a slight decline of 4.8% against the same period a year earlier (1-9 2010: € 783m). In contrast, RBI's profit before tax rose by 3.5% to € 1,032m (1-9 2010: € 997m). However, income taxes rose by € 128m to…

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