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RBI: Profits Declining Significantly

Raiffeisen Bank International posts consolidated profit of € 725 million in 2012.Significantly strengthened core tier 1 ratio of 10.7 per cent

February 20, 2013

Bulgaria: Inflation Reaches 4.2%

The past 2012 ended with 4.2% annual inflation after in December the reported monthly increase of the price level totalled 0.4%, Raiffeisen Research Reports.

February 12, 2013

Bulgaria: Surprisingly High current Account Balance

In November, the current account balance was positive amounting to EUR 89.7 mn, Raiffeisen Research reports.

February 12, 2013

Bulgaria: Bad and Restructured Loans Decrease

In the last month of 2012 the annual rate of increase of the monetary aggregate M3 decelerated again (to 8.5%), after in November it accelerated to 10.1%, Raiffeisen Research reports.

February 12, 2013

Satisfying Fiscal Situation in Bulgaria

The 2012 budget deficit stands much lower than planned: 0.5% of GDP. Public debt falls after Eurobond repayment in January 2013, Raiffeisen Research analyzes.

February 11, 2013

Rothensteiner: „Bank Taxes Cause a Cut in Lending”

Walter Rothensteiner, CEO of Austrian RZB (Raiffeisen Zentralbank) says that bank taxes have a detrimental impact on the economic development.

February 5, 2013

FDI Inflow Remains Weak in Romania

Romania has recorded a low foreign trade deficit and current account deficit in Q4 2012. The low inflows of foreign capitals into the private sector persist, Raiffeisen Research says.

February 2, 2013

Romania: „Long road to growth“

Most likely, economic activity was flat in Q4 2012. Available data tracking the dynamics of economic activity in Q4 2014 paint a mixed picture, Raiffeisen Research reports.

February 2, 2013

Romanian Inflation Remains High

Adverse statistical base effect would be preserved in H1 2013, keeping headline annual inflation between 5.4-5.8% yoy, Raiffeisen Research reports.

February 2, 2013

Lower Constraints for Romanian National Bank

Central bank to remain on hold, but room to ease control over liquidity conditions has increased, Raiffeisen Research reports.

February 1, 2013

Romania: „Ongoing fiscal consolidation in 2012“

According to Raiffeisen Research, Romania´s public finance begins to improve. However, the budget execution still shows some weaknesses.

February 1, 2013

Serbia: Foreign Debt Grows

Despite eurobond issue, private sector deleveraging led to mild foreign debt growth, Raiffeisen Research reports.

January 30, 2013

National Bank of Serbia Fights Against Inflation

The asset quality in the banking sector shows first signs of stabilization, Raiffeisen Research reports.

January 30, 2013

Serbian Budget Deficit Lower than Expected

The government succeeded to achieve the 2012 budget deficit reading below the planned one, Raiffeisen Research reports.

January 30, 2013

Serbian Current Account Improves

As per seasonally adjusted data exports kept growing in November (+2.7% mom) after increasing in October by 0.8% mom, while imports fell by 4.5% yoy (Oct/12: +4.7% mom), Raiffeisen Research says.

January 29, 2013

Austria: Non Performing Loans on the Rise

According to RBI´s (Raiffeisen Bank International) CEO Herbert Stepic, the NPL quota has risen in Austria last year.

January 29, 2013

Serbia: Industrial Production Shrinks

Industry turned downside, after funds under the government subsidy program were spent, Raiffeisen Research reports.

January 29, 2013

Serbia: Inflation Above Target Range

According to a country report published by Raiffeisen Research, inflation has bottomed in December 2012. The annual inflation comes at 12.2%.

January 29, 2013

Raiffeisen Bank International AG / New bond issues

Raiffeisen Bank International AG / New bond issues

January 28, 2013

Stepic on Austrian Banking Sector: „There is some Need for Reforms”

In an interview with the Austrian newspaper “Presse”, RBI`s (Raiffeisen Bank International) CEO Herbert Stepic explains that the current situation of the Austrian banking sector is ambiguous.

January 19, 2013 · Updated: January 19, 2013; 19:31

VBAG: Raiffeisen Tries to Justify Breach of Contract

In an interview with the Austrian newspaper “Standard”, RZB´s (Raiffeisen Zentralbank) CEO Walter Rothensteiner explains why the banking group did not acquire loas from VBAG.

January 16, 2013

Stepic: „CESEE Region Faces Challenging Year“

RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.

January 15, 2013

Bulgaria Continues Expansive Monetary Policy

In November money supply measured by means of the aggregate M3 returned to a more accelerated growth: 10.1% on an annual basis, Raiffeisen Research states.

January 14, 2013

Only Small Budget Deficit in Bulgaria

The cumulative balance remained at -0.1% of GDP. Bulgaria only records a minor deficit of BGN 31m, Raiffeisen Research reports.

January 12, 2013

Bulgaria Enters Deflation Zone

A larger-than-expected correction in food prices led to 0.1% deflation in November, Raiffeisen Research says.

January 11, 2013

Austrian Equity Market: RBI Demonstrates Optimism

Raiffeisen Bank International: “Buy recommendations for Austrian and CEE shares: RHI, CA Immo, Bogdanka, Ciech and MTS”.

January 10, 2013

RZB: „Hypo Group Is No Issue“

Walter Rothensteiner, CEO of Austrian RZB (Raiffeisen Zentralbank) will not bid for Hypo Group´s subsidiaries.

December 21, 2012

CESEE: Deposit Growth Slows Down

Given the sketched regional loan growth dynamics and their most important drivers it comes as no surprise that deposit growth rates in CEE also decelerated in recent months, Raiffeisen Research states.

December 21, 2012

Bank Taxes: RZB Records Costs of € 168m

For Austrian RZB (Raiffeisen Zentralbank), bank taxes in Austria, Hungary and Slovakia come at € 168m. RZB will not leave Hungary, CEO Rothensteiner says.

December 20, 2012

CESEE Asset Quality: “Not out of the woods”

In terms of asset quality the banking sector trends in CEE remain a mixed bag, Raiffeisen Research says.

December 20, 2012

Raiffeisen: “No signs of a regional deleveraging trend in CEE”

Cross-border exposures of European BIS-reporting banks to CEE (and the subregions CE and SEE) showed a modest decline in Q2 2012. This performance was driven by a cut in more or less all relevant CEE countries.

December 20, 2012

CESEE Banking Sector: Improving Market sentiment, but Slower Growth

The average CEE loan growth slowed to16-17% yoy in Q3 from 19% in Q1/Q2, Raiffeisen Research says.

December 20, 2012

Ukraine: Current Account Deficit Grows Significantly

Balance of payments deficit almost doubled in October – to USD 2.0 bn - amid sharp reversal in the capital flows and widening C/A deficit, Raiffeisen Research says.

December 19, 2012

Ukraine: Reform Pressure Grows

Mykola Azarov is reappointed as Prime-minister, facing tough challenges ahead, Raiffeisen Research states.

December 18, 2012

Raiffeisen Zentralbank Österreich AG / Change of law on securities other than shares

Raiffeisen Zentralbank Österreich AG / Change of law on securities other than shares

December 18, 2012

Bulgaria: Budget Deficit Ahead

The January-October budget balance moves to negative territory (-0.1% of GDP), Raiffeisen Research says.

December 17, 2012

Bulgarian Foreign Trade Balance Positive

In September the current account was positive (€ 332.7m), which is typical for that month of the year, mainly due to the realization of revenues from tourism and agricultural exports, Raiffeisen Research states.

December 15, 2012

Bulgarian Labor Market: Participation Rate Grows

A repeated Eurozone recession could additionally deteriorate the state of employment, Raiffeisen Research says.

December 15, 2012

Bulgaria: Lending Growth Close to Freezing Point

The increase in deposits also decelerates. The annual rate of growth of money supply (measured by means of the M3 aggregate) slowed down in October to 8.6% (it was 8.8% in the previous two months), Raiffeisen Research says.

December 14, 2012

Bulgaria: „The pace of economic growth is sustained“

The domestic demand compensates for the deceleration in export, Raiffeisen Research says.

December 14, 2012

RBI Sells Stake in RHI

The Austrian Raiffeisen Bank International sells the 7.3% interest in the Austrian refractory company.

December 7, 2012

Legal Merger of Raiffeisen Bank Polska and Polbank EFG Approved

Approval is starting point for unification of market approach and operational merger process. Cost synergies to be achieved by optimization of the branch network and the staff number, among other measures.

December 5, 2012

Rothensteiner: „No Credit Crunch“

Walter Rothensteiner, CEO of Austrian Raiffeisen Zentralbank, thinks that the capital shortfall of European banks does not limit credit supply.

December 3, 2012

Serbian Industrial Sector Expands

Surprising summer industry growth, local demand might hold more growth. Real wages grow slightly, Raiffeisen Research states.

November 28, 2012

RBI: Net Income Up by 13%

Raiffeisen Bank International posts a profit before tax of more than € 1bn for the first three quarters.

November 28, 2012

RBI Expected to Record Higher Net Results

Tomorrow, Raiffeisen Bank International (RBI) publishes its results for the first nine months of 2012. The interest income is anticipated to decline slightly.

November 27, 2012

Romania: Fiscal Situation Improves

“Public budget deficit amounted to only 1.2% of GDP at the end of September, which was better than we had expected.” Raiffeisen Research states.

November 27, 2012

Romania: Foreign Trade Declines

"When expressed in EUR equivalent, both exports and imports of goods fell marginally in Q3 (-1.1% qoq and -0.3% qoq respectively, according to our in-house seasonally adjusted data)." Raiffeisen Research says.

November 26, 2012

Romania: Economic Upswing Expected

According with the flash estimates, real GDP declined by 0.5% qoq and by 0.6% yoy in Q3. “In our view, contraction was mainly the result of a plunge in agricultural output.” Austrian Raiffeisen Research says.

November 26, 2012

RBI Threatens to Leave Hungary

The Austrian Raiffeisen Bank International criticizes the burden for the banking sector in Hungary.

November 22, 2012