RBI Raiffeisen Bank International

EBRD to Become 30 Per Cent Shareholder in Raiffeisen Bank Aval

The European Bank for Reconstruction and Development (EBRD) is about to become a 30 per cent shareholder in Raiffeisen Bank Aval JSC (RBA), a leading universal bank in Ukraine and a subsidiary of Raiffeisen Bank International AG (RBI), under an agreement signed in Kiev today.

November 25, 2015

Citi to Advise RBI on Polbank Sale

Raiffeisen Bank International (RBI) wants to restart the process of sale of the Polish subsidiary Polbank in the coming days. RBI has ordered investment bank Citi to look for potential buyers.

November 24, 2015

RBI Does Not want to Sell Russian Arm

Raiffeisen Bank International (RBI) affirmed that it did not plan to sell its Russian arm, repudiating press rumours. "We have no intention of selling Raiffeisenbank Russia,” the bank told Reuters. The Russian arm contributes a lot to the result of the bank concern, it was stressed.

November 17, 2015

RBI Eyes 20-25 Pct Cost Cuts

Listed bank RBI, a unit of Raiffeisen group, sees the 20-25percent cost cuts target announced by RLB NÖ-Wien head and RZB supervisory board chair Erwin Hameseder a few weeks ago as absolutely in line with RBI own plans, RBI CEO Karl Sevelda said at a teleconference. The cost reduction programme will cost EUR 550 million.

November 13, 2015

RBI Bank Posts EUR 90 Mln Net Profit in Q3, Beats Consensus

Listed bank RBI posted EUR 90 million (USD 96.6 million) in Q3 2015, down from EUR 204 million in Q2, better than the market consensus for a loss, the bank said in a report out Thursday morning.

November 12, 2015

RBI Expects Small Profit in Full 2015

Listed bank RBI updated its 2015 guidance and expects a "slightly positive consolidated result” in the full year, the bank said in a surprise statement, reversing former projection for a loss.

November 12, 2015

RBI Surprised Market, as Reorganisation Costs Not to Apply this Year

Raiffeisen Bank International (RBI) surprises analysts with its positive Q3 results, as net profit slipped ‘only’ 56 percent q/q to EUR 90 million. The outlook for 2015 has improved, too. This is chiefly the result of reorganization costs of EUR 550 million not becoming due this year after all. The cost estimates had pushed the management to predict a full-year loss in 2015.

November 12, 2015

Fitch: CEE Risk for Austrian Banks Shifts Towards East

US rating agency Fitch states in a report on Austria’s banks that the lenders are adequately, though not very well equipped for the challenges posed in the CEE region. Due to low yields, excess capacities and high fixed costs in the domestic market the flexibility of the banks to tackle CEE problems is limited.

November 4, 2015

Austrian Railways Sell Grounds Round Northwest Rail Station

State railway group OBB sold a large part of the land at the Vienna Northwest Rail Station to a real estate consortium, the magazine Profil writes.

November 3, 2015

Raiffeisen Bank Group Considering up to 25 Pct Cost Cuts

Banking group Raiffeisen is about to undergo major restructuring which will entail up to 25-percent cost cuts, Raiffeisen Holding NÖ-Wien head and the group controlling institution RZB supervisory board chair Erwin Hameseder said at a group's forum in St Pölten as reported by the company's internal paper.

October 22, 2015