Austria-based Raiffeisen Bank International has posted a pre-tax profit of 467 million (US$623 million) for the first half of 2013, a decline of 49.6% from 927 million (US$$1.24 billion) reported a year ago.
The Vienna-headquartered banking group attributed the drop to one-off effects in the first half of 2012 such as the sale of bonds and the repurchase of hybrid core capital totalling 272 million.
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The group’s consolidated profit of for the first half was EUR277 million, down 60.5% year-on-year.
The bank’s net interest income for the first six months of 2013 was 1.84 billion, an increase of 4.2% compared 1.76 billion reported a year ago.
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