VIENNA, July 4 Raiffeisen Bank International
expects to make a profit in Romania this year, the
lender said after Austrian rival Erste Group warned of
a record loss this year due to hits from Romania and Hungary.
"RBI has founded, and not purchased, its Romanian subsidiary
in 1998. Therefore, there is no risk of goodwill impairment,"
Chief Executive Karl Sevelda said in a statement, adding local
management had taken a "very prudent" approach to risk
"In 2013, Raiffeisen Bank in Romania has earned a profit
after tax of 100 million euros, and we expect a profit there
again this year," he said without giving further details.
RBI said it had total goodwill of 544 million euros ($742
million) on its books at the end of 2013, mostly for Russia and
Poland and none for Romania or Hungary.
($1 = 0.7331 Euros)
(Reporting by Michael Shields, editing by David Evans)