Raiffeisen Shares Fall After Dividend Suspension
2022年3月2日 - 6:38PM
Dow Jones News
By Sarah Sloat
Shares in Raiffeisen Bank International fell again Wednesday
after the company suspended its 2021 dividend because of the
invasion of Ukraine by Russia, where the bank has significant
exposure.
The bank said late Tuesday it would propose carrying forward the
entire net profit for 2021, suspending the previously proposed
dividend of EUR1.15 ($1.28) a share.
Raiffeisen shares shed about 50% of their value in February, and
traded 5.2% lower at EUR12.50 at 0856 GMT.
"The bank, which operates in Russia as well as Ukraine, could
significantly miss its targets," LBBW analysts said. LBBW said some
analysts expect a complete withdrawal from Russia, which could cost
Raiffeisen an estimated maximum of around EUR2.5 billion euros.
The bank will reassess the possibility of paying a dividend from
2021 earnings "once the current critical geopolitical developments
have subsided," it said Tuesday evening.
Raiffeisen made about a third of its pretax profit in Russia
last year, while Ukraine accounted for 8.4%. On a conference call
late Tuesday, the bank said it has suspended new lending in Russia
and Ukraine, with exceptions on a case-by-case basis.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
March 02, 2022 04:23 ET (09:23 GMT)
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Raiffeisen Bank (PK) (USOTC:RAIFY)
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から 5 2024 まで 6 2024
Raiffeisen Bank (PK) (USOTC:RAIFY)
過去 株価チャート
から 6 2023 まで 6 2024
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