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.

Amsterdam - Dutch ABN Amro/Fortis bank's new management board was presented by its chairman Gerrit Zalm to the media on Thursday.

Three of the seven new members originate from ABN Amro: Chris Vogelzang, Wietze Reehoorn and Johan van Hall. Jan van Rutte from Fortis was appointed financial director and deputy chairman.

The other two members are Joop Wijn, former top manager at Rabobank, and Caroline Prince from the Royal Bank of Scotland.

Nicosia, Feb 19: Ahli United Bank of Bahrain has announced that its net profit for 2008 amounted to 255.7 million dollars, while its total operating income rose to 665.5 million dollars.

Compared to 2007, the net profit of the bank was 296.3 million dollars, but the lower profits are attributed to a higher level of net loan provisions of 96.8 million dollars to ensure adequate coverage of problematic exposures and maintenance of asset quality in a prudent manner.

Geneva/Washington  - The largest Swiss bank, UBS AG, will pay 780 million dollars in fines to avoid prosecution and settle claims of conspiring to help thousands of wealthy US citizens use Swiss bank accounts to evade taxes, the US Justice Department said Wednesday.

Geneva  - The largest Swiss bank, UBS, will hand over the names of 250 of its clients to the United States Justice Department, a Geneva-based newspaper reported, in a move that goes against the Alpine country's longstanding bank secrecy principles.

Without naming its source, Le Temps said the bank would divulge the information as part of an ongoing investigation against UBS in the US alleging that it helped clients there evade paying hundreds of millions of dollars in taxes since the beginning of the decade.

Frankfurt  - Volkswagen's banking unit said it was cleared Wednesday to receive 2 billion euros (2.6 billion dollars) in guarantees from Germany's bank bailout fund, Soffin.

The finance unit, which lends to people who buy Volkswagen Group cars, but also operates as an online bank, is the first car company bank to receive backing from the fund. No immediate comment could be obtained from Soffin in Frankfurt.