Net profit of Raiffeisen Bank increased by 81% in the first quarter

Austrian Raiffeisen Bank International in the first quarter increased its net profit by 81% due to a reduction in the volume of problem loans, the project wrote with reference to the bank's accounts. Quarterly consolidated net profit amounted to 399 million euros. Analysts had predicted the figure at 244 million euros. The share of accumulated problem loans declined to 5.4% of total loans from 5.7% at the end of 2017. The capital adequacy ratio of the first level was 12.8%. The Bank has kept the goal - to achieve in the medium-term the indicator at the level of 13%. The operating profit of Raiffeisen Bank in Eastern Europe grew by 3.8%.

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