Third quarter profits of Raiffeisen International registers a fall.
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.
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|Publication:||Global Banking News (GBN)|
|Date:||Nov 13, 2009|
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