Raiffeisen Bank stock: RBI lifts 9M profit 10% as Romania deal closes

Published on 11/10/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Raiffeisen Bank stock is in focus after RBI lifted nine-month profit excluding Russia by 10%. The Romanian acquisition expands its regional platform.

Profit Growth Meets Regional Expansion

RBI lifted nine-month consolidated profit excluding Russia by 10% year over year to EUR 1,127 million.
The Garanti BBVA Group Romania acquisition expands RBI's regional platform and is expected to make its Romanian subsidiary the country's third-largest bank by assets.
RBI targets 2026 net interest income above EUR 4.5 billion while assuming the Addiko transaction settles in the fourth quarter.

Raiffeisen Bank, AT0000606306, Illustration mit AI erstellt.

Raiffeisen Bank International reported stronger core earnings and completed a major Romanian acquisition on Tuesday, November 3. In its nine-month results release, RBI said consolidated profit excluding Russia rose 10% year over year to EUR 1,127 million in the first nine months of 2026.

Main revenues increased 8% to EUR 4,971 million. Net interest income advanced 7% to EUR 3,347 million, while net fee and commission income rose 10% to EUR 1,624 million. Customer loans in the core group grew 8% from the end of 2025 to EUR 109 billion.

Core Earnings Gain Momentum

The figures point to improving operating momentum outside Russia. The net interest margin was 2.29% for the first nine months, matching the prior-year level, while third-quarter net interest income reached EUR 1,160 million. RBI reported a nine-month provisioning ratio of 19 basis points and a CET1 ratio of 15.4%, both excluding Russia.

The earnings update also sets a demanding operating framework for the rest of the year. 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%. The outlook assumes the Garanti business is included and that the Addiko transaction receives approval and settles in the fourth quarter.

Romania Deal Adds Scale

RBI's Romanian subsidiary completed the purchase of 100% of Garanti BBVA Group Romania from subsidiaries of BBVA on November 3. The transaction includes Garanti Bank Romania and leasing company Motoractive IFN. According to the bank's acquisition announcement, the business will be consolidated from November 2 and is expected to make Raiffeisen Bank Romania the country's third-largest bank by total assets, serving about 2.6 million customers.

The transaction is expected to reduce RBI's CET1 ratio excluding Russia by about 60 basis points in the fourth quarter. That near-term capital effect contrasts with the longer-term expansion opportunity in a core Central and Eastern European market. Investors will therefore weigh stronger earnings against integration requirements and the regulatory path for the proposed Addiko transaction.

Current Trading Context

Raiffeisen Bank International stock traded at 62.65 euros on Lang & Schwarz at 11:00 CET on Tuesday, November 10. The quote provides a current trading reference, while the earnings and acquisition developments remain the main company-specific drivers in focus.