Austria · Delayed Price · Currency is EUR Raiffeisen Bank International AG Earnings Call Transcripts
Fiscal Year 2026
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Operating result excluding Russia rose 12% year-over-year, with strong loan and fee growth. CET1 ratio remains robust despite planned acquisitions, and 2026 guidance for NII, loan growth, and risk costs is confirmed. Strategic M&A in Romania and Addiko expected to strengthen market position.
Fiscal Year 2025
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Profit excluding Russia reached EUR 1,443 million in 2025 with 10.6% ROE, and loan growth hit 6%. Guidance for 2026 targets 7% loan growth, stable margins, and a CET1 ratio above 15%, while litigation and regulatory risks persist.
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Profit excluding Russia reached EUR 1.027 billion with 10% ROE, and loan growth guidance for 2025 is confirmed at 6%-7%. NII and fee income remain strong, risk costs are low, and the Russian business rundown is ahead of schedule. CET1 ratio is stable at 15.7%.
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H1 2025 profit reached EUR 567 million (ex-Russia) with 8.1% ROE and a CET1 ratio of 15.7%. Loan and fee income growth offset OpEx inflation, while risk cost guidance was lowered to 35 bps. Litigation and geopolitical risks persist, but capital and liquidity remain strong.
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Q1 profit reached EUR 260 million with a 7.3% ROE (excluding Russia), stable net interest income, and an 8% year-over-year increase in fees. CET1 ratio stands at 15.9%, overlays rose to EUR 451 million, and guidance for 2025 remains unchanged despite ongoing geopolitical and regulatory risks.
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The AGM addressed strong financial results despite geopolitical challenges, with a stable core profit, successful exit from Belarus, and ongoing reduction of Russian exposure. A EUR 1.10 per share dividend was proposed, and strategic focus remains on digital transformation, compliance, and growth in core markets.
Fiscal Year 2024
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2024 profit fell sharply due to Russian legal provisions and the Belarus sale, but core group profitability remained stable with strong capital and asset quality. 2025 guidance points to stable net interest income, improved fee income, and robust capital, with litigation risks expected to ease.
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Profit for the first nine months, excluding Russia and Belarus, reached €156 million with an 8.6% ROE. NII and fees were resilient, but cost pressures and risk provisions in Poland and Ukraine weighed on outlook. Russian business reduction accelerated, with exit delayed by court proceedings.
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H1 2024 profit reached €1.3 billion, with strong loan growth and stable margins. De-risking in Russia continues, impacting capital ratios, while litigation provisions in Poland rise. CET1 ratio remains robust at 17.8% group-wide and 14.7% excluding Russia and Belarus.