Raiffeisen Bank International AG - Home
Back

Analyst Consensus

Information for Q3 2014 on the Valuation Result of Liabilities measured at fair value from movements in Credit Spreads
RBI's results are impacted by changes in credit spreads of own liabilities measured at fair value, especially long-term structured notes, senior and subordinated liabilities. The impact of the credit spread movement of own liabilities measured at fair value is reflected in the income statement under the item “Income from derivatives and liabilities” and amounted to plus EUR 95 million in the third quarter 2014. This valuation result has no effect on regulatory capital or respective capital ratios.

One-off or unusual effects in Q3 2014
As a result of changed legislation in Hungary, “other results” in the third quarter 2014 included a one-off effect in the form of a charge of EUR 205 million (in the second quarter EUR 67 million was booked under the same line). This effect was the result of legislation passed by the Hungarian parliament. The law related to FX margins which can be applied to foreign currency loan disbursement and installments, as well as unilateral rate changes on consumer loans.

General administrative expenses were impacted by a EUR 31 million write-down of intangible fixed assets, booked in the “depreciation of intangible fixed assets” line in the third quarter 2014, relating to Raiffeisen Bank Aval (brand and customer base).

Additional information for full year 2014
Deferred tax assets amounting to EUR 150 million booked in RBI head office may become subject to impairment later this year. In such an event the impairment charge would be booked in the “income taxes” line.
 

Raiffeisen Bank International Consensus 2014e

Consensus in Euro Million

Mean Average

Max

Min

Net Interest Income

3,791

3,866

3,724

Provisioning For Impairment Losses

1,665

1,806

1,498

Net Commission Income

1,549

1,663

1,349

Trading Income

114

232

17

General Admin Expense

3,136

3,204

3,071

Profit before Tax

129

370

-52

Profit after Tax

-108

62

-268

Consolidated Profit

-130

77

-425

 

Raiffeisen Bank International Consensus 2015e

Consensus in Euro Million

Mean Average

Max

Min

Net Interest Income

3,686

3,860

3,490

Provisioning For Impairment Losses

1,273

1,558

1,032

Net Commission Income

1,580

1,715

1,484

Trading Income

209

332

80

General Admin Expense

3,113

3,202

3,019

Profit before Tax

853

1,067

607

Profit after Tax

616

809

468

Consolidated Profit

568

737

394

 

Raiffeisen Bank International Consensus 2016e

Consensus in Euro Million

Mean Average

Max

Min

Net Interest Income

3,750

3,947

3,428

Provisioning For Impairment Losses

998

1,214

744

Net Commission Income

1,629

1,763

1,530

Trading Income

226

332

120

General Admin Expense

3,132

3,224

3,058

Profit before Tax

1,297

1,574

1,095

Profit after Tax

983

1,165

800

Consolidated Profit

909

1,116

734

For 2014, 2015 and 2016 there are only those estimates included that have been published since the outlook revision on September 22, 2014.

 

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: October 15, 2014

Susanne Langer

Head of Group Investor Relations
Spokesperson
Am Stadtpark 9
1030 Vienna, Austria
Tel: +43-1-71 707-2089
Fax: +43-1-71 707-2138
ir@rbinternational.com
to the contact form