Vienna - Raiffeisen International, the Austrian banking group operating in Central and Eastern Europe, raised its second-quarter profit by 49 per cent, as income from interest grew by 37 per cent, the company reported Thursday.
Setting a new quarterly record, net income climbed to 311.3 million euros (481.3 million dollars), from 208.8 million euros in the same period last year.
Net interest income rose to 786.5 million euros, up from 573.8 million euros a year earlier.
In the first half of 2008, Raiffeisen posted a net profit of 565.7 million euros, an increase of 41 per cent compared to 2007.