VIENNA May 17 Austrian lender Raiffeisen Bank
International's first-quarter net profit came in
higher than expected as its net interest income increased and
write-downs shrank, it said, citing improving economic
conditions in many of its markets.
The bank, which operates across eastern Europe, said on
Wednesday net profit in the three months through March almost
doubled to 220 million euros ($244 million) from 111 million
euros a year earlier, beating an average forecast of 151 million
euros in a Reuters poll of analysts.
($1 = 0.9007 euros)
(Reporting by Francois Murphy; Editing by Biju Dwarakanath)