Raiffeisen Bank stock: Profit rises as Romania deal expands RBI platform

Published on 11/10/2026 at 17:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Raiffeisen Bank stock remains in focus after stronger core earnings and a completed Romanian acquisition. RBI also raised its 2026 income outlook.

RBI earnings and expansion outlook

Raiffeisen Bank International lifted nine-month profit excluding Russia by 10 percent to EUR 1,127 million.
The Garanti BBVA Romania acquisition expands RBI's Central and Eastern European platform.
Management raised its 2026 net interest income outlook above EUR 4.5 billion.

Raiffeisen Bank, AT0000606306, Illustration mit AI erstellt.

Raiffeisen Bank International reported stronger core earnings for the first nine months of 2026 and completed the acquisition of Garanti BBVA Group Romania. The developments were reported by AD HOC NEWS on Tuesday, November 10, based on RBI's nine-month update released on November 3.

Profit growth outside Russia

RBI said consolidated profit excluding Russia rose 10 percent year over year to EUR 1,127 million for January through September. Main revenues increased 8 percent to EUR 4,971 million, while net interest income advanced 7 percent to EUR 3,347 million. Net fee and commission income climbed 10 percent to EUR 1,624 million.

Customer loans in the core group grew 8 percent from the end of 2025 to EUR 109 billion. RBI reported a nine-month provisioning ratio of 19 basis points and a CET1 ratio of 15.4 percent, both excluding Russia.

Romania adds regional scale

RBI completed the purchase of 100 percent of Garanti BBVA Group Romania from subsidiaries of BBVA on November 3. The transaction includes Garanti Bank Romania and leasing company Motoractive IFN. RBI expects the business to make Raiffeisen Bank Romania the country's third-largest bank by total assets and serve about 2.6 million customers.

The deal is expected to reduce RBI's CET1 ratio excluding Russia by about 60 basis points in the fourth quarter. Investors will therefore weigh the longer-term expansion opportunity against integration demands and the regulatory path for the proposed Addiko transaction.

What changed since the last report

RBI guides for 2026 net interest income above EUR 4.5 billion, fee and commission income of around EUR 2.2 billion, administrative expenses of around EUR 3.9 billion and a cost-to-income ratio of around 55 percent. The outlook assumes the Garanti business is included and that the Addiko transaction receives approval and settles in the fourth quarter.

Raiffeisen Bank International stock traded at 62.20 euros on Lang & Schwarz at 17:36 CET on Tuesday, November 10. Compared with the 61.03-euro quote in the latest relevant report published on Monday, November 9 at 17:41 CET, the stock was 1.92 percent higher.