RBI Revises Expected Provisioning Requirement

Businessn.a. ♦ Published: September 16, 2013; 06:38 ♦ (Vindobona)

Vienna-based Raiffeisen Bank International AG (RBI) has revised its outlook for the net provisioning requirement for the current financial year.

RBI Revises Expected Provisioning Requirement / Picture: © Vindobona.org

Previous guidance, that the provisioning requirement would remain at a similar level as in the previous year (2012: EUR 1,009 million) has been revised as follows: RBI expects an increase in the net provisioning requirement to between EUR 1,100 million and EUR 1,200 million for 2013.

The revision is based predominantly on the development of the Corporate Customer business in the…