RBI Raiffeisen Bank International

Raiffeisen NÖ-Wien to Update Its Strategy

Despite significant burden of a EUR 99.3 million (USD 112.8 million) writedown on the one-third stake in Raiffeisen Zentralbank (RZB), Raiffeisenlandesbank NiederösterreichWien (RLB) returned to profits in 2015. 2016 will be still hard. The bank will shift its focus.

April 28, 2016

RLB NÖ-Wien Bank Writes Off EUR 100 Mln for RZB Stake in 2015

RLB NÖ-Wien recorded a profit on its stake in RZB group in 2015, despite the lack of dividend and a nearly EUR 100 million (USD 113.2 million) impairment booked on the stake.

April 28, 2016

RBI Subsidiary Zuno Reduced Loss by 30 Percent to EUR 5.6 Million

Zuno Bank direct banking subsidiary of Raiffeisen Bank International (RBI) in the Czech Republic reduced loss by 30 percent to EUR 5.6 million. In March it turned out that the sale of Zuno to Alfa bank group announced in September last year won't take place.

April 27, 2016

RBI Bank Named in Panama Papers Leak, Ties to Russian Businesswoman

Listed bank RBI was allegedly involved in high-risk deals with Russian businesswoman Olga Mirimskaya, the Austrian media report based on the latest publications in the Panama Papers leak.

April 13, 2016

RZB Returns to Profits in 2015

Raiffeisen Zentralbank (RZB), parent of the listed Raiffeisen Bank International (RBI) achieved a positive result in 2015, following a loss in 2014. The company recorded a pretax profit of EUR 737 million for 2015, compared to a loss of EUR 56 million for 2014. Group result turned from EUR 399 million to EUR 237 million.

April 5, 2016

Regulator to Probe RBI, Hypo Banks after Panama Papers Leak

Listed bank RBI and Hypo Vorarlberg will see financial market watchdog FMA check whether the banks met their obligations for prevention of money laundering, FMA said after the Panama Papers leak indicated an alleged involvement of the two banks into suspicious offshore deals.

April 5, 2016

Panama Papers in Austria: Raiffeisen, RBI, Hypo Vorarlberg Implicated

In the aftermath of the Panama Papers scandal, Austrian media, like media from 80 other countries, report about the involvement of local firms and bankers in the shady financial deals that were to enable tax evasion. In Austria two banks have landed in the spotlight: RBI and Hypo Vorarlberg.

April 4, 2016

RBI Not to Sell Zuno Bank to ABH Holdings

The sale of Raiffeisen Bank International’s (RBI) direct bank Zuno to the Alfa Banking Group will not be concluded because ABH Holdings withdrew from the contract of sale.

March 1, 2016

RBI Shares Shoot Up 9.6 Percent after Preliminary Figure Statement

After presenting preliminary figures, Raiffeisen Bank International (RBI)’s share price shot up in morning trade on Vienna Stock Exchange, soaring 9.59 percent to EUR 12.40 (USD 13.46).

February 2, 2016

RBI: Preliminary 2015 Consolidated Profit of EUR 383 Million

Raiffeisen Bank International AG (RBI) announces a preliminary 2015 consolidated profit of EUR 383 million. This is above the guidance previously given, primarily due to lower than expected net provisioning for impairment losses of EUR 1,266 million, 28 percent below 2014. This development was spread across a number of markets. General administrative expenses were EUR 2,915 million, 4 per cent below the prior year. Transformation program costs in 2015 were approximately EUR 90 million, in line with guidance. FY 2015 guidance had also included goodwill impairment charges and risk costs amounting to EUR 124.1 million, which were reallocated to FY 2014 in the course of a restatement.

February 2, 2016