Raiffeisen Profit Down in 2020, Hit by Lower Revenue
05 Febrero 2021 - 1:34AM
Noticias Dow Jones
By Pietro Lombardi
Raiffeisen Bank International AG said Friday its profit fell
last year as rate cuts, lockdown measures and weaker currencies in
Central and Eastern Europe hit revenue.
The Austrian banking group posted a profit of 804 million euros
($961.8 million), compared with EUR1.23 billion a year earlier.
Operating income fell to EUR5.20 billion from EUR5.48 billion,
with declines in net interest income, and fees and commissions, it
said.
The bank proposed a dividend of EUR0.48 a share for 2020.
The 2020 figures are preliminary, the bank said. It said it will
publish its 2020 report and its outlook on March 17.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
February 05, 2021 02:19 ET (07:19 GMT)
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