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Raiffeisen Withdraws Group Guidance

FINANCIALS

Raiffeisen Bank (RBIAV: A1/A-) results headlines appear a profit beat but, after recent news of Austrian govt also now pushing bank to drop Russia sale deal, group guidance is being withdrawn. We doubt the equity market will appreciate this. Loan losses are better.


  • RAIFFEISEN SUSPENDS GROUP GUIDANCE DUE TO ECB STEPS ON RUSSIA
  • Raiffeisen CET1 Ratio 17.3% (cons: 17.5%)
  • RAIFFEISEN 1Q LOAN-LOSS PROVISION EU25M, EST. EU99.6M
  • RAIFFEISEN 1Q NET INCOME EU664M, EST. EU527.3M
  • RAIFFEISEN 1Q NET INTEREST INCOME EU1.46B, EST. EU1.42B
  • RAIFFEISEN SEES EX-RUSSIA RETURN ON EQUITY ABOUT 10%, SAW 11%

Conf calls are, typically, 1300 with details at: https://www.rbinternational.com/en/investors.html

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