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RBI — Raiffeisen Bank International AG News Story

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RBI shares rise on Q2 beat

BUZZ-RBI shares rise on Q2 beat

** Shares in Raiffeisen Bank RBIV.VI rose 3% after the company's Q2 results, excluding Russia, beat expectations

** "The Q2 results (ex-Russia) were better than expected by us and the market, clearly beating estimates on net profit," Erste Group says

** Q2 net profit rose 63% year-on-year to €499 million, 22% ahead of market expectations, the brokerage adds

** Erste also said that RBI's claim against Rasperia marks a major step forward for the bank, while the apparently successful cash offer for Addiko is another encouraging recent development

** On Thursday RBI said it had filed a legal claim seeking about €3.15 billion in damages from European Union-sanctioned Russian firm Rasperia


(Reporting by Anastasiia Kozlova)

((Anastasiia.Kozlova@thomsonreuters.com))

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