Raiffeisen Bank International is expecting to post a loss this year. The international bank, a majority owner of Raiffeisenbank in the Czech Republic, blames problems in Ukraine and Hungary as well as political tension in the region. The bank has increased its reserve fund for bad debts from €1.3bn-€1.4bn to €1.5-€1.7bn. The bank may be forced to write off €60m because after reevaluating assets in its Ukrainian division. In Hungary, the state has forced the bank to compensate clients for loans that were not valued correctly. This may cost the bank an additional €240m.
