Analysts & Estimates
Equity Analysts and Raiffeisen Bank International Consensus for FY 2023e
Equity analysts
Bank | Analyst |
---|---|
Alpha Value / Fairesearch | Dieter Hein |
Autonomous Research | Gabor Kemeny |
Bank of America Merrill Lynch | Alastair Ryan |
Barclays | Krishnendra Dubey |
Citigroup | Simon Nellis |
Concorde Securities | Hai Thanh Le Phuong |
Deutsche Bank AG | Marlene Eibensteiner |
Erste Bank | Thomas Unger |
HSBC | Johannes Thormann |
JP Morgan | Mehmet Sevim |
Keefe, Bruyette & Woods | Hugo Cruz |
Kepler Cheuvreux | Benoit Petrarque |
mDom Maklerski | Michal Konarski |
Mediobanca | Riccardo Rovere |
Pekao | Adam Motala |
PKO | Robert Brzoza |
Societe Generale | Alan Webborn |
UBS | Mate Nemes |
Wood | Marta Jezewska-Wasilewska |
One-Offs Q4 2023
One-off or unusual effects in Q4 2023
There were no unusual effects in the third quarter.
Additional information relating to Q4 2023
- Around EUR 273 million of credit-linked provisions for litigation and annulment of loan agreements in Poland were booked in other result.
- Compared to the previous quarter, higher income taxes were booked in Ukraine (additional EUR ~75 million, due to increase in tax rate) in Q4.
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: 29 January 2024
Consensus Q4 2023e
Income Statement Q4 2023e
Consensus in EUR million | Mean | Max | Min |
---|---|---|---|
Net interest income | 1,443 | 1,493 | 1,410 |
Net fee and commission income | 660 | 711 | 593 |
Other operating components | 79 | 126 | 30 |
Operating income | 2,182 | 2,256 | 2,101 |
General administrative expenses | -1,057 | -1,006 | -1,126 |
Operating result | 1,124 | 1,242 | 977 |
Other result | -314 | -230 | -424 |
Governmental measures and compulsory contributions | -39 | -15 | -68 |
Impairment losses on financial assets | -201 | -124 | -386 |
Profit/loss before tax | 571 | 766 | 413 |
Tax expense | -224 | -143 | -283 |
Profit/loss after tax (incl. profit from discontinued operations) | 347 | 560 | 204 |
Consolidated profit/loss | 318 | 499 | 145 |
Key ratios / balance sheet information for Q4 2023e
Monetary values in EUR million | Mean | Max | Min |
---|---|---|---|
Risk-weighted assets (total RWA) | 96,941 | 98,976 | 94,536 |
Loans to customers | 102,655 | 104,287 | 101,642 |
Cost of risk | 0.59% | 0.82% | 0.15% |
CET1 ratio (fully loaded) | 16.2% | 16.9% | 15.6% |
Net Interest Margin | 2.90% | 3,01% | 2.84% |
Cost/income Ratio | 48.6% | 53.5% | 45.0% |
Consolidated Return-on-Equity | 7.5% | 9.3% | 6.0% |
Income statement Q4 2023e excluding Russia and Belarus
Consensus in EUR million | Mean | Max | Min |
---|---|---|---|
Net interest income | 1,114 | 1,136 | 1,102 |
Net fee and commission income | 462 | 481 | 448 |
Other operating components | 58 | 90 | 2 |
Operating income | 1,634 | 1,670 | 1,584 |
General administrative expenses | -834 | -818 | -858 |
Operating result | 801 | 833 | 755 |
Other result | -326 | -274 | -428 |
Governmental measures and compulsory contributions | -29 | -9 | -51 |
Impairment losses on financial assets | -174 | -125 | -211 |
Profit/loss before tax | 278 | 385 | 122 |
Tax expense | -161 | -46 | -268 |
Profit/loss after tax (incl. profit from discontinued operations) | 118 | 318 | 10 |
Consolidated profit/loss | 119 | 331 | -16 |
Key ratios/balance sheet information for Q4 2023e excluding Russia and Belarus
Monetary values in EUR million | Mean | Max | Min |
---|---|---|---|
Risk-weighted assets (total RWA) | 81,780 | 84,199 | 77,471 |
Loans to customers | 95,671 | 97,328 | 93,622 |
Cost of risk | 0.73% | 0.88% | 0.53% |
CET1 ratio (fully loaded) | 13.8% | 14.5% | 12.5% |
Net Interest Margin | 2.48% | 2.54% | 2.41% |
Cost/income Ratio | 51.1% | 52.5% | 50.2% |
Consolidated Return-on-Equity | 3.3% | 7.6% | -0.3% |