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RBI Revises Expected Provisioning Requirement
Vienna based Raiffeisen Bank International AG (RBI) has revised its outlook for the net provisioning requirement for the current financial year to between EUR 1,500 and EUR 1,700 million, primarily due to higher expected risk costs in Ukraine in light of ongoing political tensions in the region.
RBI Revises Expected Provisioning Requirement / Picture: © Raiffeisen Bank International AG
Previous guidance for RBI was for a net provisioning requirement of between EUR 1,300 and EUR 1,400 million. As a consequence, RBI will review the valuation of the remaining intangibles related to Raiffeisen Bank Aval (brand and customer base). This may result in an additional write-down of up to EUR 60 million, which would not, however, have an impact on regulatory capital ratios.
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