Raiffeisen Bank International AG
DUS:RAW
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Raiffeisen Bank International AG
DUS:RAW
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Raiffeisen Bank International AG
Raiffeisen Bank International AG is an Austrian banking group that focuses on Central and Eastern Europe. It takes deposits, makes loans, and provides everyday banking services such as payments, cards, foreign exchange, and online banking to people, small businesses, and larger companies. It also serves corporate clients with trade finance, working capital, and cross-border banking. The bank makes money mainly by earning interest on loans and investment securities, and by charging fees for account services, payment processing, cash management, and other banking products. Its core customers are retail savers and borrowers, small and mid-sized businesses, and multinational companies that need banking support across several countries. That mix gives it a role as a local bank for households and companies, while also acting as a bridge for international business in the region. What sets RBI apart is its regional focus and its network of banking subsidiaries across multiple markets rather than a single domestic base. It is not a product manufacturer or a marketplace; it is a financial intermediary that connects savers with borrowers and helps businesses move money, finance trade, and manage currency and country risk. This makes it an important part of the banking system in the markets where it is active.
Raiffeisen Bank International AG is an Austrian banking group that focuses on Central and Eastern Europe. It takes deposits, makes loans, and provides everyday banking services such as payments, cards, foreign exchange, and online banking to people, small businesses, and larger companies. It also serves corporate clients with trade finance, working capital, and cross-border banking.
The bank makes money mainly by earning interest on loans and investment securities, and by charging fees for account services, payment processing, cash management, and other banking products. Its core customers are retail savers and borrowers, small and mid-sized businesses, and multinational companies that need banking support across several countries. That mix gives it a role as a local bank for households and companies, while also acting as a bridge for international business in the region.
What sets RBI apart is its regional focus and its network of banking subsidiaries across multiple markets rather than a single domestic base. It is not a product manufacturer or a marketplace; it is a financial intermediary that connects savers with borrowers and helps businesses move money, finance trade, and manage currency and country risk. This makes it an important part of the banking system in the markets where it is active.
Operating strength: RBI’s group operating result excluding Russia was EUR 760 million, up 3.2% quarter-on-quarter and 12% year-on-year, helped by loan growth, stable margins and strong fees.
Outlook unchanged: Management kept 2026 guidance broadly unchanged, including risk costs around 36 basis points, loan growth of 7%, NII around EUR 4.4 billion, fee income of EUR 2.1 billion and costs around EUR 3.6 billion.
Capital and M&A: RBI outlined two major transactions — Garanti in Romania and Addiko — both expected to reduce CET1 in the near term but add earnings later, with profit accretion mainly visible in 2028.
Russia still shrinking: The Russian business continued to run down, with loans down 78% in ruble terms since the war started and less than EUR 2.25 billion of loans remaining in euro terms.
Provisioning noise: First-quarter profit was hit by bank levies and higher provisions, including EUR 74 million from macro model updates and EUR 77 million of Poland legacy provisions.
Leadership transition: This was Johann Strobl’s last earnings call, and he said RBI is in good shape with a strong management team and significant long-term potential.
