Austria's RBI to further decrease business in Russia
VIENNA, July 30 (Reuters) -Raiffeisen Bank RBIV.VI, the Austrian lender with extensive business in Russia, reported a better than expected 14% rise in second quarter profit and said that it would further decrease its business in Russia in agreement with the European Central Bank.
Consolidated profit of 661 million euros ($715.40 million) for the quarter compared with 664 million euros a year earlier. It was better than a profit of 523 million euros expected by analysts.
($1 = 0.9240 euros)
Reporting Alexandra Schwarz-Goerlich; writing by Tom Sims; editing by Rachel More
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