VIENNA (Reuters) - First-quarter profit at Austria's Raiffeisen Bank International (RBI) (VI:RBIV) fell by nearly half to 83 million euros (59 million pounds))as net interest income declined, emerging Europe's second-biggest lender said on Thursday.
It gave no outlook after saying earlier that it may post a second consecutive annual loss in 2015 as it books costs of a radical overhaul to shrink its balance sheet and hit a core capital ratio of 12 percent by the end of 2017.
Analysts polled by Reuters had on average expected a consolidated profit of 73.9 million euros, while a consensus compiled by RBI itself saw the profit at 58 million.