BUDAPEST: Austriaʼs Raiffeisen Bank International (RBI) booked a €16 mln profit at its Hungarian subsidiary in the second quarter, compared to a €67 mln loss in the same period last year, an earnings report published today reveals, according to Hungarian news agency MTI.
Net interest income fell to €28 mln from €39 mln, while net income from commissions and fees grew to €32 mln from €28 mln in the base period. General administrative expenses were practically unchanged at €48 mln. Net provisioning for impairment losses grew from €20 mln to €23 mln.
The business made €40 mln profit on the “other results” line. In 2014 Q2 there was a €65 mln loss in this section due to the bank levy. RBI noted that 2014 results were distorted by provisions for the Settlement Act.
