Austrian lender Raiffeisen Bank International has reported a net profit of EUR379m for 2015, compared to a loss of EUR617m in the prior year.
The bank’s pre-tax profit for the period stood at EUR711m, compared to a pre-tax loss of EUR105m a year ago.
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Net interest income was EUR3.32bn, a decrease of 12.2% from EUR3.79bn a year earlier.
Net fee and commission income was down by 4.2% year-on-year to EUR1.52bn from EUR1.58bn.
The bank’s CET 1 ratio (fully loaded) increased to 11.5% in 2015 from 10% in 2014, while its non-performing loan (NPL) ratio soared to 11.9% from 11.4% in the prior year.
