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.


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