Raiffeisen Bank stock: RBI keeps outlook after profit rise

Raiffeisen Bank International reported a stronger core performance for the first nine months of 2026, while keeping its full-year targets in place. In a November 3 release, the Austrian lender said consolidated profit excluding Russia rose 10 percent from the same period of 2025 to 1.127 billion euros.

Main revenues increased 8 percent to 4.971 billion euros. Net interest income advanced 7 percent to 3.347 billion euros, while net fee and commission income climbed 10 percent to 1.624 billion euros. Customer loans in the core group rose 8 percent from the end of 2025 to 109 billion euros.

Romania deal adds regional scale

RBI completed the acquisition of Garanti BBVA Group Romania at the beginning of November. The transaction includes Garanti Bank Romania and leasing company Motoractive IFN. RBI said the businesses are expected to be integrated into its existing Romanian bank in the second half of 2027.

The group also reported progress on its planned takeover of Addiko Bank. As of November 2, declarations of acceptance covered 94.84 percent of Addiko shares. RBI's 2026 guidance assumes the required approvals and settlement of the transaction in the fourth quarter, with that acceptance rate.

Targets include acquisition effects

RBI's outlook covers the group excluding Russia and includes Garanti. Net interest income is expected to exceed 4.5 billion euros, while net fee and commission income is expected at about 2.2 billion euros. General administrative expenses are projected at about 3.9 billion euros, implying a cost-to-income ratio of about 55 percent.

The bank expects a provisioning ratio of up to 35 basis points, a consolidated return on equity of about 13 percent and customer-loan growth of about 9 percent excluding acquisitions. The return target includes a one-off positive effect of about 310 basis points linked to the assumed Addiko settlement. RBI also expects a year-end CET1 ratio of about 14.5 percent under its stated Russia deconsolidation scenario.

Shareholders weigh execution risks

Management said the core business was performing well and pointed to the acquisition of Garanti BBVA Romania and the planned Addiko takeover as key initiatives. The expansion offers additional regional scale, but integration work and the conditions attached to Addiko remain important execution factors for investors.

Raiffeisen Bank stock traded at 63.65 euros on Lang & Schwarz at 11:39 CET on Thursday, November 12, 2026.

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