Consensus Estimates

One-Offs Q3 2020

One-off or unusual effects
In the third quarter, impairments on participations valued at-equity totaling EUR 32 million were booked in the other result.

 

Additional information
Further weakness in some CEE currencies weighed on the CET1 ratio and customer loan growth in EUR terms.
The initially communicated dividend proposal for the financial year 2019 (EUR 1 per share) remains deducted from CET1 capital. 

 

Raiffeisen Bank International's Consensus for Q1 2021e

Income Statement

Consensus in EUR Million Mean (Average) Max

Min

Net interest income 772 810 745
Net fee & commission income 442 470 421
Other operating components 42 76 -69
Operating income 1,256 1,330 1,117
General admin expenses (733) (680) (875)
Operating result 523 588 406
Other result

(53)

(13) (105)
Governmental measures and compulsory contributions  (107) (24) (150)
Impairment losses on financial assets (121) (69) (189)
Profit/loss before tax
294 437 205
Tax expense (71) (45) (101)
Profit/loss after tax 223 358 160
Consolidated profit/loss 188 229 144

 

Key Ratios / Bank-specific Information

Monetary values in Euro Million Mean (Average) Max

Min

Risk-weighted assets (total RWA) 79,870 80,843 78,811
CET1 ratio (fully loaded) 13.5% 13.9% 13.1%
Net interest margin 1.92% 2.10% 1.80%
Cost/income ratio 58.9% 65.8% 55.0%
Consolidated return on equity 6.1% 7.2% 5.1%

Pre-communication on one-off or unusual effects in Q1 2021

One-off or unusual effects in Q1 2021
There were no unusual effects in the first quarter.


Additional information
As in the past, in accordance with IFRIC 21 bank levies are booked in the first quarter for the full year. These include contributions to the resolution fund and a large part of the bank levies. The one-off Austrian bank tax (EUR 163 mn in total, paid in 4 installments 2017 to 2020) has expired.

To account for all regulatory and governmental levies under one position, from 1st of January 2021 deposit insurance fees (EUR 43 mn in Q1/2021 vs. EUR 39 mn in Q1/2020) previously reported under other administrative expenses are now reported under renamed item governmental measures and compulsory contributions. Non-income related taxes previously reported under other net operating income are now reported under other administrative expenses (EUR 14 mn in Q1/2021 vs. EUR 16 mn in Q1/2020).

Raiffeisen Bank International's Consensus for full-year 2021e

Income Statement

Consensus in EUR Million Mean (Average) Max

Min

Net interest income 3,154 3,360 3,075
Net fee & commission income 1,787 1,856 1,722
Other operating components 178 275 64
Operating income 5,119 5,395 4,967
General admin expenses (2,987) (2,926) (3,177)
Operating result 2,132 2,218 1,999
Other result (230) (95) (593)
Governmental measures and compulsory contributions  (131) (38) (211)
Impairment losses on financial assets (699) (625) (847)
Profit/loss before tax
1,123 1,338 750
Tax expense (282) (193) (335)
Profit/loss after tax 841 1,010 476
Consolidated profit/loss 739 880 436

 

Key Ratios / Bank-specific Information

Monetary values in Euro Million Mean (Average) Max

Min

Risk-weighted assets (total RWA) 82,773 85,464 81,000
CET1 ratio (fully loaded) 13.5% 14.0% 12.9%
Net interest margin 1.94% 2.10% 1.85%
Cost/income ratio 58.5% 59.8% 57.0%
Consolidated return on equity 5.8% 9.0% 3.2%
Dividend in EUR 0.83 1.60 0.40

The consensus estimates of earnings are based on earnings forecasts made by securities analysts who follow the development of Raiffeisen Bank International. The views expressed and forecasts, estimates, and predictions made by those analysts regarding performance (and hence the figures of the consensus estimates) solely reflect the opinions of those analysts, and not the opinions, forecasts, estimates, or predictions of Raiffeisen Bank International or its management. The fact that Raiffeisen Bank International makes these figures available does not mean that the company endorses or agrees with this information, conclusions, or recommendations. Raiffeisen Bank International assumes no liability for the accuracy of these estimates or obligation to update or revise them. 

 Last update: 3 May 2021

Raiffeisen Bank International's Consensus for Q4/2020e

Income Statement

Consensus in EUR Million Mean (Average) Max

Min

Net interest income 774 808 730
Net fee & commission income 436 456 400
Other operating components 54 72 11
Operating income 1,265 1,318 1,200
General admin expenses (787) (720) (814)
Operating result 477 526 413
Other result (50) (10) (108)
Impairment losses on financial assets (206) (164) (256)
Profit/loss before tax
216 313 116
Tax expense (52) (21) (78)
Profit/loss after tax 164 250 95
Consolidated profit/loss 139 230

66

Key Ratios / Bank-specific Information

Monetary values in Euro Million Mean (Average) Max

Min

Risk-weighted assets (total RWA) 78,830 81,654 66,340
CET1 ratio (fully loaded) 13.3% 13.9% 12.6%
Net interest margin 2.31% 3.82% 1.74%
Cost/income ratio 62.8% 67.5% 59.0%
Consolidated return on equity 3.7% 5.8% 1.2%