Raiffeisen reduces medium term profit expectations

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Raiffeisen Bank International AG third biggest lender in Eastern Europe, reduced its medium term profit outlook after it experienced sharp losses in Hungary. Vienna-based financial intermediary predicted the ROE before taxes to reach 15% in contrast to previous forecast between 15% and 20%. Raiffeisen�s net income dropped by 58% within a June-September period.

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Thu, 24 Nov 2011 13:50:21 GMT

Hang Seng index closed higher

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Thu, 24 Nov 2011 13:47:11 GMT

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