Raiffeisen Reports Full-Year 2018 Results, Voiced Confidence in Its Compliance Processes
Raiffeisen Bank reported full-year results for 2018 of EUR 1.4 billion compared with EUR 1.2 billion last year, as income generation more than offset slightly higher expenses. Both net interest income and net fee and commission income increased 4.2% year over year, driven by higher loans to customers, up 4%, for the former and higher loan and guarantee as well as payment transfer business for the latter. Historically low impairment losses of 21 basis points formed a tailwind last year, but manag...Raiffeisen Bank International is a universal bank focusing on corporate and retail customers in Central and Eastern Europe (CEE) and on corporate customers in Austria. In CEE, Co. consists of a network of banks, leasing companies and financial service providers. In Austria, Co. is involved in corporate finance and export and trade finance banks. Co. provides services to customers in 2,800 branch offices. In the retail banking business, Co.'s product and service portfolio comprises inter alia credit services (mortgages, credit cards and personal loans), as well as payment transaction and current account package services. As of Dec 31 2014, Co.'s total assets amounted to Euro121.6 million
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