Raiffesen ups bad loan book

City A.M. Reporter
RAIFFESEN Bank International raised its forecast for 2013 bad loan provisions yesterday, citing developments at its corporate customer business.

Emerging Europe’s second biggest lender had previously guided for a net provisioning need at a similar level to the just over €1bn (£628m) it booked in 2012. Now it expects an increase to between €1.1bn and €1.2bn this year, it said in a statement.