Raiffeisen International shows over 30% increase in consolidated profit
Raiffeisen International Bank-Holding AG, a member of the RZB Group headed by Raiffeisen Zentralbank ?sterreich AG, continued its course based on organic growth during the first quarter of 2008. Consolidated profit (after tax and minorities) for the first three months increased by 32.1 per cent to 254.4 million euros (Q1/2007: 192.6 million euros).
Profit before tax grew by 26.4 per cent and amounted to 369.6 million euros (Q1/2007: 292.5 million euros), and profit after tax advanced by 21.1 per cent to 279.4 million euros (Q1/2007: 230.8 million euros). All data according to International Financial Reporting Standards (IFRS).
Again the best quarterly result in the Group’s history — www.theasianbanker.com (May 9 2008)–