Vienna - Raiffeisen Bank reported a record net profit of 982 million euros (1.24 billion dollars) for 2008 on Thursday, although the Austrian bank operating in Central and Eastern Europe (CEE) experienced a difficult fourth quarter.
Since last May, Raiffeisen International Bank-Holding AG's stocks have lost 88 per cent of their value, as investors, seeking to reduce risk, unloaded shares of banks exposed in the CEE region.
The bank said it had reduced the number of foreign-currency loans, stopped expanding its branches and reduced staff numbers in Hungary and Ukraine.
Vienna - The price for oil pro
Vienna - Polish regional politician Marek Nawara suffered serious head injuries i
Vienna - The price for oil produced by the Org
Vienna - The International Atomic Energy Agency (IAEA) has detected more traces of uranium as well as graphite in samples taken at an alleged Syrian nuclear reactor site, an IAEA report and a senior UN official said on Friday.
