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Raiffeisen Bank shares hit all-time low amid rouble slide

Reuters - UK Focus

LONDON, Dec 16 (Reuters) - Shares (Berlin: DI6.BE - news) in eastern-Europe-focused Austrian lender Raiffeisen Bank International (Other OTC: RAIFY - news) hit an all-time low on Tuesday, hit by a slide in the Russian ruble and growing concerns about the country's economy.

Raiffeisen Bank International, among others, relies heavily on profits from Russia, which are under pressure as the economy buckles and the rouble drops amid Western sanctions and weak energy prices.

Shares in other company's exposed to Russia also fell sharply, with brewer Carlsberg (Other OTC: CABGY - news) slumping 4 percent to a 2-1/2 years trough and German retailer Metro (Other OTC: MTRAF - news) down 3.5 percent at levels not seen since early 2013. (Reporting By Francesco Canepa; Editing by Lionel Laurent)