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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 finversia.ru 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%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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