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Raiffeisen has revised its 2024 consolidated return on equity guidance to approximately 7.5 percent, down from the previously anticipated 10 percent. This adjustment follows the bank"s decision to allocate 493 million euros for provisions related to Swiss franc and euro mortgage loans in Poland.
Raiffeisen Bank International AG reported a net income of €758 million for the third quarter of 2024, with basic earnings per share from continuing operations at 2.22 euros. For the nine months ending September 30, 2024, net income totaled 2,083 million euros, down from 2,114 million euros the previous year, with earnings per share at 6.09 euros compared to 6.19 euros.
Raiffeisen Bank International (RBI) has revised its return on equity (ROE) guidance for 2024 to approximately 7.5%, down from 10%, following the booking of 493 million euros in provisions for mortgage loans in Poland. The bank"s net interest income, including operations in Russia and Belarus, slightly increased to 1.46 billion euros in the third quarter, amid subdued business activity. RBI continues to face challenges in Russia, where a court has frozen its shares, complicating efforts to exit the market.
Raiffeisen Bank International has accelerated its exit from the Russian market, resulting in a 1.5 percent decline in consolidated profit to 2.1 billion euros after three quarters. Notably, over half of this profit was derived from operations in Russia and Belarus.
Raiffeisen Bank International (RBI) reported a consolidated profit of EUR 2.083 billion for the first three quarters of 2024, down from EUR 2.114 billion year-on-year. Excluding contributions from Belarus and Russia, the adjusted profit stood at EUR 856 million, reflecting a strategic risk reduction amid the withdrawal from these markets. The results included provisions totaling EUR 493 million in Swiss franc and euro.
ASML's share price has faced volatility following disappointing quarterly results, leading to a 15% drop. Despite this, Bernstein Research maintains an "Outperform" rating with a target of €750, while JPMorgan has set a higher target of €1,057, reflecting ongoing investor interest amid industry challenges.
Raiffeisen Bank International AG
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