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 | Alastair Ryan |
| Bank Pekao | Adam Motala |
| Barclays | Krishnendra Dubey |
| Citigroup | Simon Nellis |
| Concorde Securities | Szabolcs Pal |
| 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 Q1 2024
One-off or unusual effects in Q1 2024
There were no unusual effects in the first quarter.
Additional information relating to Q1 2024
- Around EUR 109 million of credit-linked provisions for litigation and annulment of loan agreements in Poland were booked in other result.
- EUR 140 million of governmental measures and compulsory contributions were booked in Q1, down EUR 96 million y-o-y mainly driven by lower resolution fund contributions.
Consensus Estimates 2024
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: 19 March 2024
Consensus FY 2024e
Income Statement
| Consensus in EUR million | Mean | Max | Min |
|---|---|---|---|
| Net interest income | 5,244 | 5,484 | 5,030 |
| Net fee and commission income | 2,583 | 2,715 | 2,444 |
| Other operating components | 340 | 395 | 213 |
| Operating income | 8,168 | 8,473 | 7,811 |
| General administrative expenses | -4,020 | -3,937 | -4,087 |
| Operating result | 4,147 | 4,386 | 3,799 |
| Other result | -559 | -326 | -1,163 |
| Governmental measures and compulsory contributions | -286 | -243 | -351 |
| Impairment losses on financial assets | -524 | -440 | -597 |
| Profit/loss before tax | 2,810 | 3,305 | 2,456 |
| Tax expense | -649 | -575 | -778 |
| Profit/loss after tax (incl. profit from discontinued operations) | 2,161 | 2,648 | 1,678 |
| Consolidated profit/loss | 1,986 | 2,448 | 1,514 |
Key ratios / balance sheet information
| Monetary values in EUR million | Mean | Max | Min |
|---|---|---|---|
| Risk-weighted assets (total RWA) | 97,823 | 103,188 | 94,463 |
| Loans to customers | 101,748 | 103,722 | 100,310 |
| Cost of risk | 0.51% | 0.60% | 0.41% |
| CET1 ratio (fully loaded) | 17.9% | 18.4% | 17.0% |
| Net Interest Margin | 2.60% | 2,71% | 2.46% |
| Cost/income Ratio | 49.7% | 51.5% | 47.8% |
| Consolidated Return-on-Equity | 11.3% | 13.6% | 7.9% |
| Dividend per share | 1.40 | 1.80 | 0.80 |
Income statement excluding Russia and Belarus
| Consensus in EUR million | Mean | Max | Min |
|---|---|---|---|
| Net interest income | 4,100 | 4,279 | 4,019 |
| Net fee and commission income | 1,791 | 1,848 | 1,661 |
| Other operating components | 326 | 413 | 208 |
| Operating income | 6,217 | 6,540 | 6,002 |
| General administrative expenses | -3,276 | -3,250 | -3,334 |
| Operating result | 2,941 | 3,282 | 2,724 |
| Other result | -408 | -319 | -511 |
| Governmental measures and compulsory contributions | -233 | -191 | -309 |
| Impairment losses on financial assets | -446 | -379 | -497 |
| Profit/loss before tax | 1,880 | 2,242 | 1,565 |
| Tax expense | -425 | -313 | -560 |
| Profit/loss after tax (incl. profit from discontinued operations) | 1,455 | 1,682 | 1,252 |
| Consolidated profit/loss | 1,315 | 1,459 | 1,183 |
Key ratios/balance sheet information excluding Russia and Belarus
| Monetary values in EUR million | Mean | Max | Min |
|---|---|---|---|
| Risk-weighted assets (total RWA) | 81,099 | 83,479 | 78,687 |
| Loans to customers | 96,307 | 98,336 | 94,014 |
| Cost of risk | 0.47% | 0.52% | 0.40% |
| CET1 ratio (fully loaded) | 15.7% | 16.9% | 14.5% |
| Net Interest Margin | 2.29% | 2.39% | 2.11% |
| Cost/income Ratio | 52.4% | 54.8% | 50.0% |
| Consolidated Return-on-Equity | 9.6% | 11.0% | 7.2% |
| Dividend per share | 1.56 | 1.97 | 1.35 |