Pre-tax profit increased by 88% to €296m for Q3 16 compared to the originally released pre-tax profit for Q3 15 and was up by 17% versus the restated Q3 15 figure. RBI restated a full goodwill impairment of €96m on the Polish subsidiary from Q3 to Q4 15. Net interest income declined by 10% to €732m in Q3 16, while risk provisions were down by 48% to €100m. Commission income decreased by 2% to €378m for Q3 16. The trading result was a profit of €52m for Q3 16 comp
16 Nov 2016
Good Q3 results clearly above consensus expectations
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Good Q3 results clearly above consensus expectations
Raiffeisen Bank International AG (RBI:WBO) | 0 0 (-1.3%) | Mkt Cap: 10,401m
- Published:
16 Nov 2016 -
Author:
Dieter Hein -
Pages:
2
Pre-tax profit increased by 88% to €296m for Q3 16 compared to the originally released pre-tax profit for Q3 15 and was up by 17% versus the restated Q3 15 figure. RBI restated a full goodwill impairment of €96m on the Polish subsidiary from Q3 to Q4 15. Net interest income declined by 10% to €732m in Q3 16, while risk provisions were down by 48% to €100m. Commission income decreased by 2% to €378m for Q3 16. The trading result was a profit of €52m for Q3 16 comp