Pre-tax profit increased by 60% to €529m for Q1 18 versus Q1 17. Net interest income rose by 4% to €829m in Q1 18, while risk provisions contributed an income of €83m for Q1 18 compared to expenses of €82m for Q1 17. Commission income was unchanged at €410m for Q1 18 compared to Q1 17. Operating income increased by 3% to €1.3bn for Q1 18. Administrative expenses were down by 1% to €740m for Q1 18 compared to Q1 17. Bank levies were burdened with €132m f
15 May 2018
Strong Q1 net profit pushed by risk provision releases
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Strong Q1 net profit pushed by risk provision releases
Raiffeisen Bank International AG (RBI:WBO) | 0 0 (-1.3%) | Mkt Cap: 10,401m
- Published:
15 May 2018 -
Author:
Dieter Hein -
Pages:
2
Pre-tax profit increased by 60% to €529m for Q1 18 versus Q1 17. Net interest income rose by 4% to €829m in Q1 18, while risk provisions contributed an income of €83m for Q1 18 compared to expenses of €82m for Q1 17. Commission income was unchanged at €410m for Q1 18 compared to Q1 17. Operating income increased by 3% to €1.3bn for Q1 18. Administrative expenses were down by 1% to €740m for Q1 18 compared to Q1 17. Bank levies were burdened with €132m f