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S&P Global Ratings has revised Raiffeisen Bank International's outlook to stable from negative, affirming its 'A-/A-2' ratings, following the bank's strategic exit from Belarus and scaling back in Russia. This move has mitigated nonfinancial risks and reputational concerns, with expectations of further divestment in Russian operations within 12 to 24 months. Despite a projected decline in profits for 2024, the Raiffeisen Banking Group is expected to maintain strong financial performance and capitalization amid ongoing geopolitical challenges.
S&P Global Ratings has upgraded Raiffeisen Bank International's outlook from negative to stable, affirming its 'A-/A-2' ratings. This change follows the bank's strategic exit from Belarus and significant reduction of operations in Russia, which has mitigated non-financial and reputational risks. Despite a projected decline in net profit for 2024, the bank's strong financial performance and robust risk management practices are expected to sustain its creditworthiness amid ongoing geopolitical uncertainties.
Raiffeisen Landesbank NÖ-Wien reported a profit of nearly 400 million euros for 2024, rebounding from a loss in 2022, despite one-off effects from its stake in Raiffeisenbank International due to the war in Ukraine. The bank's equity ratio increased to 24%, indicating strong resilience, while the cost-income ratio improved to 47.8%. Looking ahead, the bank anticipates continued growth but is budgeting conservatively amid economic uncertainties and an increased bank levy.
The BNP Paribas Open in Indian Wells, California, saw record attendance of over 504,000, crowning 17-year-old Mirra Andreeva as the women's champion after her comeback victory against world No. 1 Aryna Sabalenka. Jack Draper claimed his first ATP Masters 1000 title by defeating Holger Rune in the men's final. The tournament, which has evolved significantly since its inception in 1976, continues to attract families and a younger fan base, bolstered by a long-term sponsorship extension from BNP Paribas.
Aryna Sabalenka is heavily favored to win against McCartney Kessler at the BNP Paribas Open, with an implied winning chance of 82.6% compared to Kessler's 23.1%. The odds reflect Sabalenka's strong position in the match and the tournament overall.
Raiffeisen Group reported a significant profit decline in 2024, with net income from interest business dropping 7.5% to 2.84 billion francs. The Austrian Raiffeisen Bank International (RBI) saw its consolidated net profit fall to 1.16 billion euros, impacted by substantial provisions for legal disputes and loans in Poland. Despite these challenges, RBI plans a dividend cut to 1.10 euros per share and forecasts credit growth of 6 to 7 percent for 2025, maintaining a stable common equity tier 1 ratio of 15.1%.
Raiffeisen Bank International (RBI) is navigating increased tensions in Russia, with the Kremlin warning of consequences for unfriendly actions. Despite a Russian court ordering RBI to pay 2 billion euros in damages, the bank's share price has shown resilience, recently rising to EUR 23.59, reflecting a monthly gain of 7.67 percent and a market capitalization of EUR 7.7 billion.
In 2024, Russia's meat exports surged by 27% to over 700,000 tons, with a total value reaching €1.64 billion, driven by significant increases in pork (42%) and poultry (17%). China remains the largest importer, followed by Saudi Arabia and Belarus. Achieving over 100% self-sufficiency in meat, Russia aims to double its export value to €3.5 billion by 2030, supported by government subsidies and a stable animal health situation.
Raiffeisen Bank International (RBI) has demonstrated strong stock market performance, with share prices reaching EUR 20.62, marking a monthly increase of 10.41% and an annual rise of 24.79%. The bank's market capitalization stands at EUR 6.7 billion, and it has announced a dividend of EUR 1.25 for 2024. Recent strategic moves, including the sale of its Belarusian subsidiary, have further solidified its position in Central and Eastern Europe.
Raiffeisen banking group faces significant risks due to its Russian operations and loans to René Benko's SIGNA, with potential total losses threatening its stability. The European Central Bank is closely monitoring the situation, fearing a chain reaction that could impact regional banks. Sanctions from the US and the possibility of Russian nationalization further complicate the bank's future, as it struggles to transfer trapped profits from its Russian subsidiary.
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