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Raiffeisen posts profit in third quarter and expects another for full year

Published 12/11/2015, 06:59
Updated 12/11/2015, 07:00
© Reuters. A traffic sign is pictured in front of a Raiffeisen branch office in Vienna

VIENNA (Reuters) - Raiffeisen Bank International (VI:RBIV) posted an unexpected net profit for the third quarter on Thursday and said it predicted a small profit for the full year because most of its restructuring costs would be booked later.

Net profit in the three month to the end of September was 90 million euros (64 million pounds), compared with analysts' average forecast in a Reuters poll of a net loss of 43.7 million euros.

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