- The dividend per share for Raiffeisen was €1.10, below the previous year’s €1.25 and the estimated €1.18.
- Raiffeisen’s CET1 ratio at the end of the period was 17.1%, exceeding the estimated 16.6%.
- The cost to income ratio was significantly better than expected at 42.3%, compared to the estimate of 50.9%.
- Pretax profit was €186 million, contrasting the estimated loss of €269.8 million.
- Net interest income was higher than anticipated at €1.51 billion, surpassing the estimate of €1.38 billion.
- Net fee and commission income reached €668 million, exceeding the estimate of €646.7 million.
- Net trading income was €36 million, higher than the predicted €20.4 million.
- The net interest margin stood at 3.13%.
- General and administrative expenses were lower than expected at €948 million, compared to the €1.05 billion estimate.
- Risk-weighted assets totaled €95.60 billion, under the estimated €98.32 billion.
- Forecasts for the year indicate net interest income excluding Russia at around €4.15 billion, surpassing the estimate of €3.99 billion.
- Net fee and commission income excluding Russia is expected to be about €1.95 billion, above the estimate of €1.86 billion.
- Loans excluding Russia are projected to grow by 6% to 7%.
- The cost of risk ratio excluding Russia is expected to be up to 0.5%.
- Raiffeisen aims for a consolidated return on equity excluding Russia of approximately 10%.
- The CET1 ratio excluding Russia is projected to be about 15.2%.
- The bank targets a medium-term return on tangible equity (ROTE) of 13%, excluding Russia and Poland.
- Analyst ratings include 9 buys, 4 holds, and 3 sells.
“`
A look at Raiffeisen Bank International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Raiffeisen Bank International seems to have a positive long-term outlook. The company scores highly in areas such as value and dividend, indicating a strong financial foundation and a commitment to rewarding shareholders. Additionally, high scores in growth and momentum suggest potential for future expansion and positive market sentiment. However, the lower score in resilience may point to some vulnerabilities that the company needs to address to ensure long-term stability.
Raiffeisen Bank International AG, a corporate and investment bank operating in Austria and Central and Eastern Europe, offers a wide range of financial services. With a solid value and dividend score, the bank seems well-positioned for long-term success. The company’s emphasis on growth and momentum further supports a positive outlook for its future prospects. Despite facing some resilience challenges, Raiffeisen Bank International‘s strong presence in Eastern Europe’s retail banking sector provides a solid foundation for continued growth and profitability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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