March 22, 2017 / 11:17 AM / 5 months ago

BRIEF-Raiffeisen Hungary unit 2016 net profit 15.7 bln forints

March 22 (Reuters) - Raiffeisen Bank International Ag

* Hungarian unit says earned 15.7 billion forints ($55 million) net profit in 2016

* Net income nearly doubles from 8 billion a year earlier

* Lower risk costs and operating expenses help lift profitability - Hungary unit CEO

* Non-performing loan rate fell to 13.9 pct from 20.9 pct

* Expects risk costs to remain at a low level going forward

* Aims to further expand lending to companies Further company coverage:

$1 = 285.59 forints Reporting by Gergely Szakacs; editing by David Clarke

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