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RBI Raiffeisen Bank International

RBI Bank Still Eyes Full-Year Loss in 2015

Listed bank RBI is facing a loss in the whole 2015 in view of EUR 550 million restructuring costs, the bank said, confirming the annual guidance after the release of Q1 2015 financial statements. Net profit dropped by 42 percent y/y to EUR 100 million. The bank's net interest income fell by 16 percent y/y to EUR 820 million in Q1. Fee and commission income sank by EUR 16 million to EUR 360 million. Trading result was negative at EUR 62 million, due to the impact of FX effects.

May 21, 2015

Andreas Gschwenter Becomes New COO/CIO of Raiffeisen Bank International

The Supervisory Board of Raiffeisen Bank International decided that Andreas Gschwenter will become Chief Operating Officer (COO) and Chief Information Officer (CIO) of RBI from 1 July 2015. Gschwenter was born in 1969, has a degree in business administration and has been Head of Operations (COO/CIO) in charge of IT, operations and cost management at Raiffeisen Bank Aval in Ukraine since 2010. His appointment is subject to approval by the Austrian Financial Market Authority.

May 20, 2015

Analysts Predict Profit Slip for RBI in Q1

Raiffeisen Bank International (RBI), the listed bank arm of the Raiffeisen group, will publish Q1 results on Thursday. Analysts of Erste Group, Kepler Cheuvreux, UBS, Citigroup and JPMorgan agree in their rather negative forecast, as they unanimously expect net profit and pretax profit to decrease considerably. Credit risk provisioning are not expected to have increased y/y though.

May 20, 2015

Fitch: RBI, Erste, Bank Austria, Volksbanken Lose 'A' Ratings

Ratings agency Fitch cut the ratings of four major Austrian banks, Volksbanken, Erste Group, Bank Austria and RBI, in connection with the new EU regulations on bank resolution, Fitch said.

May 20, 2015

Russia's Alfa Bank Eyes RBI Bank's Czech/Slovak Unit Zuno

Russia's Alfa Bank is reportedly interested in listed bank RBI's direct banking loss-making unit operating in the Czech Republic and Slovakia, Zuno Bank,the Czech daily Lidove noviny reported in its online edition.

May 19, 2015

RLB Steiermark Posted Profit in Spite of RBI Deficit and Heta/Hypo Burden

Raiffeisen Landesbank (RLB) Steiermark has concluded FY 2014 on a net profit of EUR 5.1 million (USD 5.55 million), even though the bank was affected indirectly by losses of listed Raiffeisen Bank international (RBI) and the loss of subsidiary Hypo Steiermark as a result of the latter’s involvement with Heta.

April 24, 2015

RBI Set to Sell Polish Unit by Early 2016

Listed bank RBI is set to sell its Polish unit Raiffeisen Polbank by the start of 2016, RBI CEO Karl Sevalda told Reuters news agency on Wednesday evening.

April 23, 2015

RBI Loss Hit RLB NÖ Wien Hard

RBI's losses of EUR 493 million (USD 520.3 million) following expensive write-offs on businesses in the East affected also RBI's parent Raiffeisen Zentralbank (RZB) with an outflow of EUR 323 million and its main shareholder Raiffeisenlandesbank NÖ-Wien saw a EUR 272.9 million group loss. A year earlier RLB recorded a EUR 145million profit.

April 14, 2015

RBI CEO Sevalda Confirms Talks with EBRD on Ukrainian Unit

Listed bank RBI is negotiating with the EBRD on investment in RBI's Ukrainian unit Aval, RBI CEO Karl Sevalda said Wednesday at the annual press conference in Vienna confirming earlier reports.

March 25, 2015

RBI Raiffeisen Bank International May Post Loss in 2015

Listed bank RBI may close 2015 in the red due to the current group restructuring measure and maintain a higher level of provisions, the bank said. 2014 consolidated loss came to EUR 493 million (USD 540.9 million), RBI also said confirming preliminary figures.

March 25, 2015