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Raiffeisen reports doubled profit in first quarter 2012

Regional info/economyPosted by Chambers of Commerce Sweden - Southeast Europe Sun, June 17, 2012 13:45:16
Raiffeisen Bank International (RBI), a distingushed member of our Chamber of Commerce, has reported double profit for Q1 2012. The result is a seamless extension of 2011, when RBI stood out positively from the Austrian competition thereby proving that it is possible to be sustainably profitable in what remain difficult times.
RBI posted a consolidated profit of EUR541 million in this year´s first Quarter, which represents an increase of 100.4 % compared to the first quarter of the preceding year.

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