Raiffeisen Bank Posts Decline In Q2 Net Profit

Austrian Raiffeisen Bank International AG RAIFF reported a drop in its second quarter net profit. Raiffeisen Bank's quarterly net profit declined to 160 million euro ($200.6 million), missing analysts' estimates of EUR163 million. Its net interest income dropped 6.2% y/y to EUR841 million, versus analysts' estimates of EUR884 million. Raiffeisen Bank's risk provisions climbed 25% y/y to EUR247 million.