FRANKFURT (Reuters) – Austria’s Raiffeisen Bank International, one of the banks in Europe most exposed to Russia, posted a bigger-than-expected 49% rise in profit in the first quarter. Net profit…
VIENNA (Reuters) – A Russian leasing unit of Austrian lender Raiffeisen Bank International is among the companies targeted by sanctions that Ukraine announced overnight, RBI said on Sunday. Ukrainian President…
BERLIN (Reuters) – Austria’s WIFO institute slashed its 2023 forecast on Friday, saying record inflation rates resulting from the war in Ukraine are steering the economy towards stagflation. Austrian gross…
By Alexandra Schwarz-Goerlich and Tom Sims VIENNA – The Russian and Belarusian operations of Raiffeisen Bank International (RBI) posted the sharpest gains in profit among its subsidiaries in the first…
VIENNA – Austria has made progress in weaning itself off Russian naturaland boosting gas storage, the government said on Monday. “We have now already stored more than 50 terawatt hours…
BERLIN – Austria’s economic recovery is losing steam, the WIFO institute said on Thursday, even as its outlook for 2022 improved. Austrian gross domestic product is expected to grow by…
GENEVA – Austria’s WIFO economic institute plans to raise its inflation forecast for this year to 6.5% from 5.8% seen in March due to higher energy prices, the institute’s chief…
By Alexandra Schwarz-Goerlich and Tom Sims VIENNA – Austria’s Raiffeisen Bank International, one of the European banks most exposed to Russia, has received unsolicited indications of interest for its Russia…
VIENNA – Austria’s Raiffeisen Bank International said its banks in Russia and Ukraine are well-capitalised and self-financing, and that provisions were already made last year as part of its risk…