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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessFINANCIALS: Raiffeisen: Positive Results, Improving Clarity. Volatile Situation.
Raiffeisen Bank (RBIAV: A1) 2Q24 headlines look positive with better clarity of guidance around results ex-Russia & Belarus, alongside a nominal loan loss and profit beat. With those country exits the key deltas for spreads, we view this as positive news but do note spreads have outperformed a little over the last month, albeit have been big underperformers since last results (when there was a 69bp move wider on the day). A high volatility situation.
- “*RAIFFEISEN 2Q LOAN-LOSS PROVISION EU23.0M, EST. EU88.5M
- *RAIFFEISEN SEES FY RISK COSTS EX-RUSSIA, BELARUS AT ABOUT 35BPS
- *RAIFFEISEN SAYS IT'S ACCELERATING REDUCTION OF RUSSIA BUSINESS
- *RAIFFEISEN SAYS IT'S STILL WORKING ON SALE OF RUSSIAN UNIT
- *RAIFFEISEN 2Q NET INCOME EU661M, EST. EU484.3M
- *RAIFFEISEN STILL SEES FY ROE EX-RUSSIA, BELARUS AT ABOUT 10%” - BBG
Conf call is 1301 (London time) at: https://event.webcasts.com/starthere.jsp?ei=1643453&tp_key=201c2397db
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.