Raiffeisen Bank International makes EUR 450 million of profit in first half of 2016

In the first half of 2016, Raiffeisen Bank International (RBI) made a profit before taxation in the amount of EUR 450 million, which is a growth of 1%. The profit after taxation was reduced by 15% and amounted to EUR 268 million, whereas the consolidated profit is lower by 24% and amounts to EUR 210 million.

– We continued to work on the realization of our transformation program in the first half of 2016 as well. This is apparent from our capital ratio, which we've significantly increased since the beginning of the year. The improvement of our capital basis is still the top priority – explained Karl Sevelda, CEO of RBI.

The RBI report adds that, in the first six months of 2016, the drop in net interest income by 13% (EUR 226 million) was recorded and that it amounted to EUR 1.455 billion.

Raiffeisen Bank International AG Wien

Raiffeisen banka a.d. Beograd

Raiffeisen Bank International

Raiffeisen Bank profit

Karl Sevelda