Analysts & Estimates
Equity Analysts and Raiffeisen Bank International Consensus
Equity analysts
| Bank | Analyst |
|---|---|
| Alpha Value / Fairesearch | Dieter Hein |
| Autonomous Research | Gabor Kemeny |
| Bank of America Merrill Lynch | David Taranto |
| Bank Pekao | Adam Motala |
| Barclays | Krishnendra Dubey |
| Citigroup | Simon Nellis |
| Concorde Securities | Gabor Bukta |
| Deutsche Bank AG | Marlene Eibensteiner |
| Erste Bank | Thomas Unger |
| HSBC | Johannes Thormann |
| JP Morgan | Mehmet Sevim |
| Keefe, Bruyette & Woods | Hugo Cruz |
| Kepler Cheuvreux | Benoit Petrarque |
| Mediobanca | Riccardo Rovere |
| PKO | Robert Brzoza |
| UBS | Mate Nemes |
| Wood | Marta Jezewska-Wasilewska |
Additional information relating to Q4 2024
Impact of the sale of Belarusian subsidiary
- The final deconsolidation effect from the sale of the Belarusian subsidiary is EUR -824 million, including EUR -311 million from selling below book value and EUR -513 million from the reclassification of other comprehensive income items.
- In the fourth quarter, the contribution of the Belarusian subsidiary is reflected by EUR -800 million in the income statement under profit / loss from discontinued operations, reflecting the combination of the above mentioned EUR -824 million deconsolidation effect and the Q4 profit from Belarus for the discontinued operation.
Windfall tax in Ukraine
- EUR -65 million of income taxes in Ukraine in the fourth quarter due to the windfall tax of EUR -53 million introduced in 2024.
Other result
- Circa EUR -156 million of credit-linked provisions for litigation and annulment of loan agreements in Poland
- Circa EUR -20 million provision for reversal of VAT exemption in Austria
Eastern Europe segment
- Ukraine has been removed from the segment Eastern Europe and will be shown separately. The segment Eastern European continues to include Russia and Belarus (until deconsolidation in Q4/2024).
Consensus Estimates
The consensus estimates of earnings are based on earnings forecasts made by securities analysts who follow the development of Raiffeisen Bank International. The views expressed and forecasts, estimates, and predictions made by those analysts regarding performance (and hence the figures of the consensus estimates) solely reflect the opinions of those analysts, and not the opinions, forecasts, estimates, or predictions of Raiffeisen Bank International or its management. The fact that Raiffeisen Bank International makes these figures available does not mean that the company endorses or agrees with this information, conclusions, or recommendations. Raiffeisen Bank International assumes no liability for the accuracy of these estimates or obligation to update or revise them.
Last update: 29 October 2024
Consensus Q3/2024e
Income Statement excl. Russia / Belarus
| Consensus in EUR million | Mean | Max | Min |
|---|---|---|---|
| Net interest income | 1,018 | 1,050 | 1,001 |
| Net fee and commission income | 459 | 473 | 441 |
| Other operating components | 68 | 100 | 44 |
| Operating income | 1,545 | 1,567 | 1,520 |
| General administrative expenses | -804 | -756 | -840 |
| Operating result | 741 | 802 | 680 |
| Other result | -161 | -145 | -178 |
| Governmental measures and compulsory contributions | -18 | -10 | -30 |
| Impairment losses on financial assets | -95 | -60 | -138 |
| Profit/loss before tax | 471 | 540 | 395 |
| Tax expense | -129 | -104 | -166 |
| Profit/loss after tax (incl. profit from discontinued operations) | 342 | 380 | 280 |
| Consolidated profit/loss | 300 | 328 | 250 |
Key ratios / balance sheet information excl. Russia / Belarus
| Monetary values in EUR million | Mean | Max | Min |
|---|---|---|---|
| Risk-weighted assets (total RWA) | 79,224 | 80,753 | 76,161 |
| Loans to customers | 95,955 | 96,411 | 95,557 |
| Cost of risk | 0.41% | 0.57% | 0.31% |
| CET1 ratio (fully loaded) | 14.8% | 15.2% | 14.5% |
| Net Interest Margin | 2.33% | 2.45% | 2.19% |
| Cost/income Ratio | 51.6% | 55.0% | 48.5% |
| Consolidated Return-on-Equity | 8.0% | 10.5% | 6.5% |
Income Statement
| Consensus in EUR million | Mean | Max | Min |
|---|---|---|---|
| Net interest income | 1,386 | 1,420 | 1,352 |
| Net fee and commission income | 678 | 714 | 656 |
| Other operating components | 74 | 106 | 36 |
| Operating income | 2,138 | 2,208 | 2,083 |
| General administrative expenses | -984 | -934 | -1,030 |
| Operating result | 1,153 | 1,230 | 1,082 |
| Other result | -160 | -120 | -178 |
| Governmental measures and compulsory contributions | -25 | -9 | -40 |
| Impairment losses on financial assets | -118 | -67 | -183 |
| Profit/loss before tax | 856 | 950 | 788 |
| Tax expense | -213 | -186 | -237 |
| Profit/loss after tax (incl. profit from discontinued operations) | 643 | 715 | 570 |
| Consolidated profit/loss | 594 | 662 | 523 |
Key ratios/balance sheet information
| Monetary values in EUR million | Mean | Max | Min |
|---|---|---|---|
| Risk-weighted assets (total RWA) | 98,727 | 102,458 | 92,090 |
| Loans to customers | 101,926 | 102,809 | 100,937 |
| Cost of risk | 0.38% | 0.61% | 0.11% |
| CET1 ratio (fully loaded) | 18.1% | 19.5% | 17.6% |
| Net Interest Margin | 2.75% | 2.82% | 2.64% |
| Cost/income Ratio | 46.0% | 48.2% | 44.2% |
| Consolidated Return-on-Equity | 12.6% | 13.7% | 11.3% |