Raiffeisen International Bank Holding AG profit drops 86.2%
The profits of Raiffeisen International Bank Holding AG (Raiffeisen Zentralbank Austria AG’s daughter enterprise and RZB Group’s member) reached ?78m in the first half of 2009, which was 86.2% less than a year earlier.
The company reports its consolidated profits dropped due to the need to build up on the devaluation reserves.
The bank’s pre-tax profits went down by 81.7% and came to ?154m, while the after-tax returns decreased by 81.6% and amounted to ?119m.
All of these data have been presented in accordance with the IAS.
The company reports its consolidated profits dropped due to the need to build up on the devaluation reserves.
The bank’s pre-tax profits went down by 81.7% and came to ?154m, while the after-tax returns decreased by 81.6% and amounted to ?119m.
All of these data have been presented in accordance with the IAS.
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