Higher provisions forecast hits Raiffeisen shares
VIENNA, Sept 16
VIENNA, Sept 16 (Reuters) - Raiffeisen Bank International AG shares fell 7.3 percent in early trading on Monday after the bank raised its forecast for 2013 bad loan provisions by as much as a fifth.
Emerging Europe's second-biggest lender had previously guided for a net provisioning need at a similar level to the just over 1 billion euros ($1.3 billion) it booked in 2012.
Now it expects an increase to between 1.1 billion and 1.2 billion euros this year, it said in a statement late on Sunday.
($1 = 0.7542 euros) (Reporting by Michael Shields; Editing by Mark Potter)
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