Raiffeisen Bank stock: RBI reports 10% rise in nine-month profit

Raiffeisen Bank International reported stronger core earnings and further regional expansion on Tuesday, November 3, 2026. In its nine-month results release, the Austrian banking group said consolidated profit excluding Russia reached 1.127 billion euros in the first nine months, up 10 percent from the same period of 2025.

Raiffeisen Bank stock traded at 62.63 euros on Lang & Schwarz at 11:02 CET on Wednesday, November 11. A dated Xetra closing comparison is not included in this report.

Core banking income advances

RBI's main revenues rose 8 percent year over year to 4.971 billion euros. Net interest income increased 7 percent to 3.347 billion euros, while net fee and commission income advanced 10 percent to 1.624 billion euros. Customer loans in the core group grew 8 percent from the end of 2025 to 109 billion euros.

The bank's consolidated return on equity excluding Russia stood at 10.2 percent for the first nine months, compared with 10.0 percent a year earlier. The CET1 ratio was 15.4 percent at the end of the third quarter under a scenario that assumes the deconsolidation of Raiffeisenbank Russia and the loss of its equity.

Credit quality remained a key support. RBI reported a non-performing exposure ratio of 1.5 percent at the end of September and financial-asset impairment losses of 159 million euros in the first nine months. The provisioning ratio was 19 basis points for the period.

Romania deal changes regional scale

RBI completed the acquisition of Garanti BBVA Group Romania at the beginning of November. The transaction covers Garanti Bank Romania and leasing company Motoractive IFN. RBI expects the business to strengthen Raiffeisen Bank Romania's position in the local market and plans to integrate the operations into the existing Romanian bank in the second half of 2027.

The second major transaction, the planned takeover of Addiko Bank, had reached an acceptance rate of 94.84 percent as of November 2 at 17:00 CET. Regulatory approvals are still required before the deal can be completed. RBI said the Serbian approval process had already been completed and that it currently expects to retain all Addiko subsidiaries after a planned carve-out became unlikely.

Outlook keeps focus on execution

For 2026, RBI expects net interest income above 4.5 billion euros and net fee and commission income of around 2.2 billion euros. General administrative expenses are expected at around 3.9 billion euros, with a cost-to-income ratio of around 55 percent and a provisioning ratio of up to 35 basis points.

Management also targets a consolidated return on equity of around 13 percent and customer-loan growth of around 9 percent excluding acquisitions. The guidance includes Garanti and assumes regulatory approval and settlement of the Addiko transaction in the fourth quarter. For investors, the next focus is the execution of the Romanian integration, the regulatory path for Addiko and the effect of the acquisitions on capital ratios and earnings.

Austria's ATX market environment provides the broader backdrop for Austrian financial stocks.

More news and analyses on Raiffeisen Bank stock.