Raiffeisen Bank Intl Stock (OTC:RAIFF), Trade Ideas

Raiffeisen Bank International AG part of Raiffeisen Banking Group is a banking group in Austria. Raiffeisen Bank regards Austria and Central and Western Europe as its home markets, and The company operates in three main geographical segments: Central Europe (the Czech Republic, Hungary, Poland, Slovakia, and Slovenia), Southeastern Europe (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Romania, and Serbia), and Eastern Europe (Belarus, Russia, and Ukraine).

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As Exiting Russia Becomes Complicated, Foreign Banks Like Citi Look To Hire People: Report

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New 52-Week Low Achievers for Wednesday Morning

RAIFFEISEN BK INTL AG ORD by Raiffeisen Bank International AG

Raiffeisen Bank International AG

RAIFFEISEN BK IN UNSP/ADR by Raiffeisen Bank International AG

Benzinga Before The Bell: Baidu Beats Tesla, Finland Sells $47.5M Bitcoins, Tesla's Bitcoin Sale And Other Top Financial Stories Thursday, July 21

<ul>
<li>Russian arms of western banks, including&nbsp;Citigroup Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>) and&nbsp;Raiffeisen Bank International AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/raiff#OTC">RAIFF</a>) are looking for staff as exiting the country becomes complicated,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/markets/us/exclusive-citi-raiffeisen-other-foreign-banks-seek-staff-russia-they-struggle-2022-07-21/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reported</a>.</li>
<li>After Russia attacked Ukraine In February this year, western banks were prompted to remove foreign nationals from senior positions and look for ways to exit the Russian market.</li>
<li>But escalating sanctions have restricted their options, industry sources said.</li>
<li>Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/22/07/27929105/citigroup-negotiating-with-local-bidders-for-its-russian-operations-ft" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Citigroup Negotiating With Local Bidders For Its Russian Operations</a>.</li>
<li>The central bank has resisted domestic calls to take over the running of foreign banks&#39; local businesses, sources with direct knowledge of the matter have told Reuters. This could prompt depositors to pull out funds.</li>
<li>Last week, Deputy Finance Minister Alexei Moiseev said Russia would block the sale of foreign banks&#39; Russian businesses while Russian banks abroad could not function normally.</li>
<li>One banking source said that foreign banks started hiring people after realizing that exiting Russia may not be easy.</li>
<li>Raiffeisen Bank posted 276 job openings in Russia in July, while Citi was looking for candidates to fill 84 vacancies in Russia.</li>
<li>Price Action:&nbsp;C shares closed at $52.42 on Wednesday.</li>
<li>Photo via Wikimedia Commons</li>
</ul>

New 52-Week Low Achievers For Wednesday Morning

Austrian Raiffeisen Bank International AG (OTC: <a class="ticker" href="/stock/raiff#OTC">RAIFF</a>) 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.

Earnings

Raiffeisen Bank Posts Decline In Q2 Net Profit

Raiffeisen Bank International: Recent Developments Support The Bear Case

Raiffeisen Bank International AG GAAP EPS of €6.19

Raiffeisen Bank International AG (RAIFF) Q3 2023 Earnings Call Transcript

White House to sanction foreign banks financing Russia's military industrial complex