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Raiffeisen's fully loaded CET 1 ratio above expectations at 13.5 percent
February 8, 2017 / 4:03 PM / 9 months ago

Raiffeisen's fully loaded CET 1 ratio above expectations at 13.5 percent

VIENNA (Reuters) - Raiffeisen Bank International’s (RBIV.VI) fully loaded common equity tier 1 (CET 1) ratio stood above the lender’s own expectations at 13.5 percent at the end of 2016, it said on Wednesday, up from 12.3 percent at the end of September.

A Raiffeisen Bank International (RBI) logo is seen behind a traffic sign at the bank's headquarters in Vienna, Austria, November 16, 2016. REUTERS/Heinz-Peter Bader

Its full-year profit after tax reached 574 million euros (489 million pounds), up from 435 million a year earlier as its net provisioning for impairment losses shrank by around 40 percent to 754 million euros.

RBI is set to merge with its majority owner RZB [RZB.UL], which is designed to bolster RZB’s capital buffer.

Reporting By Shadia Nasralla, editing by David Evans

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