Reuters: Hot Stocks: Raiffeisen shares drop as bank sees bad loans rising

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Raiffeisen shares drop as bank sees bad loans rising Nov 28th 2012, 08:15 VIENNA | Wed Nov 28, 2012 3:15am EST VIENNA Nov 28 (Reuters) - Shares in Raiffeisen Bank International, a lender to emerging European economies, dropped more than 6 percent in early trading on Wednesday after the bank said it saw bad loans rising. Raiffeisen said it expected bad loans to increase given difficult conditions in its major markets, and it would probably take a 160 million euros ($207 million) hit on its 2012 earnings from bank levies in Austria and central and eastern Europe. Shares in Raiffeisen were down 6.2 percent at 31.11 euros by 0811 GMT, against a flat European banking index.

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