Raiffeisen Lowers Loan Growth Outlook, Continues Russian Business Review
2022年5月4日 - 3:42PM
Dow Jones News
By Sarah Sloat
Raiffeisen Bank International AG on Wednesday lowered its
outlook on 2022 loan growth, and said it continues to evaluate
strategic options for its business in Russia, where it has largely
suspended operations.
In the first quarter, the Austrian bank's net profit rose to 442
million euros ($465 million) from EUR216 million. Net interest
income rose to EUR986 million from EUR736 million, it said.
Loans grew 1% in the first quarter, and new lending in Russia
has largely been stopped. The bank said it now expects expect
stable loan volumes in 2022, compared with previous guidance for
growth of 7% to 9%.
Raiffeisen is one of the European banks with the most exposure
to Russia. It made 33% of its pretax profit in Russia last year.
Among the options for its Russian business is an orderly
withdrawal, Raiffeisen said. As of earlier this year it had a staff
there of more than 9,000 serving 4.3 million customers, mostly
individuals and small companies.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
May 04, 2022 02:27 ET (06:27 GMT)
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