Raiffeisen has adjusted its return on equity (ROE) forecast for 2024, reducing it from 10 percent to around 7.5 percent.
The revision is a response to the need to allocate 493 million euros (approximately $532.69 million) for provisions related to mortgage loans denominated in Swiss franc and euro in Poland.
The decision made by the financial institution reflects the ongoing difficulties in the mortgage market, particularly in Poland, where loan performance has been affected by currency fluctuations.
The updated ROE forecast indicates a cautious outlook as Raiffeisen manages these financial pressures.