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Raiffeisen Bank shares rose to EUR 18.02, crossing the 200-day moving average on November 29, 2024, despite a long-term downtrend since November 27. The stock has gained 2.00% during this period, with a potential upside of 4.72% towards the 6-month high of EUR 18.87. The bank's model portfolio has averaged a 27.8% annual return since 1999.
Raiffeisen Bank International (RBI) has successfully completed the sale of its Belarusian subsidiary, Priorbank JSC, to Emirati firm Soven 1 Holding. This move marks a significant step in RBI's strategic realignment in the region.
Raiffeisen Bank International (RBI) has finalized the sale of its Belarusian subsidiary, Priorbank JSC, to Emirati Soven 1 Holding, marking its complete exit from the Belarusian market. The transaction, which received the necessary official approvals, will impact this year's consolidated results by approximately EUR 830 million. No purchase price has been disclosed.
Raiffeisen Bank International AG has completed the sale of Priorbank JSC to Soven 1 Holding, a transaction initially announced in February 2024. CEO Johann Strobl highlighted the sale as a key move to reduce risk in Eastern Europe, acknowledging the dedication of Priorbank's staff since 2003. The transaction will negatively impact the Group's Common Equity Tier 1 ratio by 5 basis points and result in a loss of approximately EUR 830 million recognized in discontinued operations.
Raiffeisen Bank International AG has completed the sale of Priorbank JSC to Soven 1 Holding, a move aimed at reducing risk in Eastern Europe. The transaction, which was announced in February and signed in September 2024, will negatively impact the Group's Common Equity Tier 1 ratio by 5 basis points and result in a loss of approximately EUR 830 million recognized in discontinued operations. CEO Johann Strobl expressed gratitude to Priorbank's staff for their service since 2003.
Investors who purchased Raiffeisen shares a year ago at EUR 15.41 would see their investment of EUR 10,000 grow to EUR 11,778.07, reflecting a 17.78% increase, as the shares are currently valued at EUR 18.15. Raiffeisen's total market worth is now EUR 5.81 billion.
Günther Felßner, President of the Bavarian Farmers' Association, advocates for a significant shift in Germany's agricultural policy, emphasizing the need to bolster domestic production and animal husbandry. He outlines four key pillars for future policy: food security, renewable energy supply, bioeconomy, and natural resource protection, while calling for fair trade agreements and reduced bureaucracy. Bavaria's Agriculture Minister Michaela Kaniber supports Felßner's vision, highlighting the importance of addressing farmers' concerns and fostering competitiveness within the agricultural sector.
Food price inflation in Germany slowed to 1.8% in November, down from 2.3% in October, while the overall inflation rate rose to 2.2%. The decline in energy prices was less significant, with a decrease of 3.7% compared to 5.5% in October.
Raiffeisen Bank shares rose to EUR 17.57, crossing the 100-day moving average on November 28, 2024, despite a long-term downtrend since November 27, resulting in a -0.54% value loss. The current distance to the 200-day line is -0.45%, indicating potential volatility ahead.
Raiffeisen Bank is currently trading at €17.4, showing a neutral short-term technical analysis with a 2.35% increase above the 50-day moving average. Despite challenges in Russia and Belarus, the bank reported a consolidated profit of €1.324 billion in the first half of 2024, with a strong dividend yield of 7.24%, outperforming the industry average. Investor sentiment has fluctuated, with recent discussions on social media reflecting both positive and negative opinions.
Raiffeisen Bank International AG
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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