The bank booked EUR187 million towards impairment of goodwill in the year 2011, which according to the bank had negatively impacted its consolidated profit for the year.
Earnings per share for the year 2011 declined to EUR3.95 Euros from EUR4.56 Euros per share reported for last year.
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However, the bank recorded a profit before tax of EUR1.4 billion in the 12 months to 31 December 2012, which represents an increase of 7% year-on-year increase.
Net Interest income for the full year increased to EUR3.667 billion from EUR3.578 billion reported a year ago.
The bank’s total assets gained 12% or EUR15.8 billion from the beginning of 2011, rising to EUR147.0 billion.
Commenting on the results, RBI CEO Herbert Stepic, said, "We were able to once again provide evidence of our earning power in this past year, which remained a very challenging one for banks. The fact that we’ve posted a profit in every quarter since the start of the financial crisis underscores the strength of our strategic orientation, with its regional focus on Central and Eastern Europe.
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By GlobalData"The slightly improving macroeconomic perspectives for the region make me confident about the year 2012 as well," Stepic added.
