Raiffeisen - Raiffeisen Beats Estimates On NII, Costs, And Provisions
Raiffeisen beat both the analyst consensus of EUR 424mn and ourestimate of EUR 366 mn on net profit to shareholders excluding Russia, posting EUR
349 mn. The bank outperformed expectations across nearly all key items, most notably
in net interest margin, operating expenses, and provisions. An upward revision to the
consensus for full-year consolidated profit now appears highly likely, provided there is
no exceptionally high provision booking in Q4. Management provided a conservative
estimate for the 2026 Polish litigation provision, which exceeds current consensus
expectations and represents a slightly negative development. Overall, the earnings
report presents a positive picture.
Raiffeisen Bank International is a universal bank focusing on corporate and retail customers in Central and Eastern Europe (CEE) and on corporate customers in Austria. In CEE, Co. consists of a network of banks, leasing companies and financial service providers. In Austria, Co. is involved in corporate finance and export and trade finance banks. Co. provides services to customers in 2,800 branch offices. In the retail banking business, Co.'s product and service portfolio comprises inter alia credit services (mortgages, credit cards and personal loans), as well as payment transaction and current account package services. As of Dec 31 2014, Co.'s total assets amounted to Euro121.6 million
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.