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RAIFY Raiffeisen Bank International AG (PK)

4.38
-0.11 (-2.45%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Raiffeisen Bank International AG (PK) USOTC:RAIFY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.11 -2.45% 4.38 4.02 4.74 4.39 4.38 4.39 1,066 21:10:15

Raiffeisen Profit Down in 2020, Hit by Lower Revenue

05/02/2021 7:34am

Dow Jones News


Raiffeisen Bank (PK) (USOTC:RAIFY)
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From Jun 2019 to Jun 2024

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   By Pietro Lombardi 
 

Raiffeisen Bank International AG said Friday its profit fell last year as rate cuts, lockdown measures and weaker currencies in Central and Eastern Europe hit revenue.

The Austrian banking group posted a profit of 804 million euros ($961.8 million), compared with EUR1.23 billion a year earlier.

Operating income fell to EUR5.20 billion from EUR5.48 billion, with declines in net interest income, and fees and commissions, it said.

The bank proposed a dividend of EUR0.48 a share for 2020.

The 2020 figures are preliminary, the bank said. It said it will publish its 2020 report and its outlook on March 17.

 

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

 

(END) Dow Jones Newswires

February 05, 2021 02:19 ET (07:19 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Raiffeisen Bank (PK) Chart

1 Year Raiffeisen Bank (PK) Chart

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1 Month Raiffeisen Bank (PK) Chart