“The so-called ‘New Normal’ with stricter capital requirements, a high degree of regulatory involvement and the ongoing ultra-low interest rate environment amidst a still shaky economy in Russia and Ukraine were clearly a burden on profitability in CEE banking.
In the first quarter of 2016 the Raiffeisen Bank International AG Group (RBI) generated a profit before tax of € 229 million, which represents a year-on-year increase of 22 per cent. The profit after tax increased 38 per cent to € 138 million year-on-year, while the consolidated profit increased 37 per cent to € 114 million.
EMEA Finance – the renowned British financial magazine specialized in covering the finance industry in Europe, Middle East and Africa – decorated Raiffeisen with 14 awards in its “Europe Banking Awards” competition. The awards were presented at a ceremony in Vienna last Thursday night.