Raiffeisen Bank International AG (XTER:RAW)
€ 18.43 0.37 (2.05%) Market Cap: 6.06 Bil Enterprise Value: -25.95 Bil PE Ratio: 2.67 PB Ratio: 0.31 GF Score: 70/100
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Full Year 2020 Raiffeisen Bank International AG Earnings Call Transcript

Mar 17, 2021 / 01:00PM GMT
Release Date Price: €18.34 (+1.33%)
Operator

Good afternoon, ladies and gentlemen, and welcome to the conference call of Raiffeisen Bank International. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Johann Strobl, Chief Executive Officer. Please go ahead, sir.

Johann Strobl
Raiffeisen Bank International AG - Chairman of the Management Board & CEO

Thank you very much. Good afternoon, and thank you for joining the call today. We have already seen the 2020 numbers, which we published last month. So we rather focus on some of the details and some additional initiatives, which we started or implemented in the last couple of months.

I would like to begin by saying that all things considered, the business came through the year in a good shape. And we believe that we are well positioned to benefit from the expected economic recovery.

Consolidated profit for 2020 was, however, down by 34% year-on-year, reflecting the impact from lockdowns on economic activity, high-risk costs, interest rate cuts and in some CEE currencies, also

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