Printer Friendly

Third quarter profits of Raiffeisen International registers a fall.

Global Banking News-13 November 2009-Third quarter profits of Raiffeisen International registers a fall(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 13 November 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Raiffeisen International Bank Holding AG (RIBH.VI) (Raiffeisen) has reported that its third quarter net profit has dropped.

The bank said that its third quarter net profit has dropped by 74 per cent. On Thursday the bank said that its third-quarter net profit dropped due to rising risk provisions as loan quality deteriorated in Eastern Europe. The bank however reported results that were above analyst estimates.

Risk provisions have increased in the quarter for most banks in the region.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Nov 13, 2009
Words:137
Previous Article:OTP Bank seeking euro loan.
Next Article:EagleBank announces opening of new branch.


Related Articles
Raiffeisen International reports Q1 net profit.
Raiffeisen International reports Q2 results.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters