November 20, 2014 / 6:48 AM / 3 years ago

Austria's RBI posts Q3 loss as Ukraine, Hungary weigh

VIENNA, Nov 20 (Reuters) - Austria’s Raiffeisen Bank International (RBI) swung to a third-quarter loss of 119 million euros ($149.3 million) as problems in Ukraine and Hungary weighed on results, emerging Europe’s second-biggest Western lender said on Thursday.

It reiterated its outlook that it would post a 2014 loss that it did not specify, then rebound to a 2015 profit in the “mid-triple-digit millions” of euros.

Analysts polled by Reuters had on average expected a third-quarter consolidated loss of 170 million euros, while a consensus compiled by RBI itself saw the loss at 137 million.

1 US dollar = 0.7971 euro Reporting by Michael Shields; Editing by Maria Sheahan

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