Raiffeisen Records Good First Nine Months of 2018; FVE Maintained
No-moat Raiffeisen reported good first-nine months results as operating profits increased 10% to EUR 1,775 million. This was largely owed to a strong macro environment and healthy loan growth more than offsetting only marginally higher expenses. Net interest income grew to EUR 2.5 billion from EUR 2.4 billion last year, as net earnings assets increased 3% and the net interest margins grew 5 basis points to 2.49%. Net fee and commission income came in at EUR 1,325 million versus EUR 1,271 million...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
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