Austria's Raiffeisen Bank Q1 operating result up 12% yr/yr

Raiffeisen Bank International AG

05/05/2026 06:39

Overview

Austria-based banking group's Q1 operating result excluding Russia rose 12% yr/yr, main revenues up 5%

Customer loans grew 3% year-to-date, excluding Russia

Q1 consolidated profit declined, impacted by higher bank levies booked upfront

Outlook

Raiffeisen Bank sees 2026 net interest income around EUR 4.4 bln, excluding Russia

Company expects 2026 cost/income ratio around 52.5%, excluding Russia

Raiffeisen Bank targets CET1 ratio around 14.3% for 2026, including announced acquisitions

Result Drivers

REVENUE GROWTH - Higher net interest income and net fee and commission income supported operating result growth

LOAN GROWTH - Customer loans increased 3% year-to-date, reflecting continued lending activity

HIGHER BANK LEVIES - Consolidated profit was impacted by upfront booking of higher bank levies

Company press release: ID:nEQb2C4JQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
EUR 258 mln
Q1 Net Interest Income
EUR 1.08 bln
Q1 Net Fee Income
EUR 520 mln
Q1 Operating Result
EUR 760 mln
Q1 Pretax Profit
EUR 393 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and 3 "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 €44.00, about 2.1% below its May 4 closing price of €44.94

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

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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.)