Bloomberg News

Raiffeisen Rises in Vienna After Profit Beats Analyst Estimates

November 24, 2011

Nov. 24 (Bloomberg) -- Raiffeisen Bank International AG, eastern Europe’s third-biggest lender, soared in Vienna trading after third-quarter profit beat analyst estimates.

Shares rose 5.9 percent to 14.99 euros at 9:09 a.m. in the Austrian capital, its biggest intraday increase in almost a month.

Net income fell to 130 million euros from 311 million euros a year earlier, according to a statement today. It was expected to report a profit of 99 million euros, according to the average estimate of nine analysts surveyed by Bloomberg.

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net


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