Austria's Raiffeisen Bank H1 profit rises on higher interest income

Raiffeisen Bank International AG

31/07/2026 06:42

Overview
Austria-based banking group's H1 consolidated profit excl. Russia up 25% yr/yr
Main revenues excl. Russia rose 7% yr/yr to EUR 3.26 bln
Company continues to reduce Russian business, all restrictions remain in place

Outlook
Raiffeisen Bank sees 2026 net interest income above EUR 4.4 bln excl. Russia
Company expects 2026 net fee and commission income around EUR 2.2 bln excl. Russia
Raiffeisen Bank targets 2026 cost/income ratio around 55% excl. Russia

Result Drivers
NET INTEREST INCOME - Net interest income rose to EUR 2.19 bln in H1, up from EUR 2.07 bln a year earlier
FEE AND COMMISSION INCOME - Net fee and commission income increased to EUR 1.07 bln in H1 from EUR 969 mln a year earlier
LOAN GROWTH - Customer loans rose 6% year-to-date to EUR 107 bln

Company press release: ID:nEQ3TPl2xa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Consolidated Profit
 
EUR 499 mln
 
Q2 Net Interest Income
 
EUR 1.11 bln
 
Q2 Net Fee Income
 
EUR 549 mln
 
Q2 Operating Result
 
EUR 832 mln
 
Q2 Pretax Profit
 
EUR 704 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Raiffeisen Bank International AG is €47.50, about 18.2% below its July 30 closing price of €58.05
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
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July 30 - PTSB shareholders approve Irish bank's $1.9 billion sale to BAWAG

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)