Raiffeisen Bank lowers outlook due to higher provisions in Poland – companies

Raiffeisen Bank lowers outlook due to higher provisions in Poland – companies

2024-10-29 18:49:00

Vienna – Raiffeisen Bank International (RBI) has revised its return on equity (ROE) outlook downwards due to higher provisions for Swiss franc loans in Poland. The key figure, which measures profitability in relation to equity, is now expected to be around 7.5 percent without contributions from Russia and Belarus, the bank announced on Tuesday evening. An ROE of around ten percent was previously expected. The RBI put the provisions for mortgage loans in Poland at 493 million euros, with the majority being Swiss franc loans.

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