RBI: € 804 million consolidated profit despite effects of COVID-19 pandemic

Vienna,

Despite the challenging market conditions and the ongoing low interest rate environment, Raiffeisen Bank International (RBI) posted a consolidated profit of € 804 million. In addition to its direct effects, the pandemic also resulted in significant interest rate cuts and currency devaluations in some of RBI’s core markets.

"RBI entered the pandemic from a position of strength and therefore achieved a satisfactory result given the very difficult environment,” said Johann Strobl, RBI’s CEO.

Please find the full version of the press release in the pdf attached here.