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4-Traders Homepage  >  Equities  >  WIENER BOERSE AG  >  Raiffeisen Bank International AG    RIBH   AT0000606306

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Raiffeisen Bank International : beats third-quarter profit forecasts as Eastern European markets brighten

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11/14/2017 | 03:52am EST

Austria's Raiffeisen Bank International (>> Raiffeisen Bank International AG) beat third-quarter net profit expectations on Tuesday on improved eastern European markets and lower risk costs.

Austria's Raiffeisen Bank International (>> Raiffeisen Bank International AG) beat third-quarter net profit expectations on Tuesday on improved eastern European markets and lower risk costs.

RBI, which operates across eastern Europe, reported a net profit of 322 million euros (286.8 million pounds) for the three months to Sept. 30.

That beat the 255 million euros forecast by analysts in a Reuters poll, and was up 39 percent from a year earlier. In March it completed a merger with former parent Raiffeisen Zentralbank to simplify the group's structure and strengthen its capital base.

After years of consolidation and restructuring sparked by the global financial crisis and the tougher regulations that followed, the bank has been boosting its capital reserves and shedding bad loans.

Ranked third-last in a stress test of 51 major European lenders last year, nine places behind Austrian rival Erste Group (>> Erste Group Bank AG), RBI has said it is turning a corner and plans to pay out its first dividend in four years.

It did not mention its dividend plans on Tuesday but said its fully loaded common equity tier 1 ratio, a measure of capital strength, reached its medium-term target of 13 percent at the end of the quarter.

RBI also reiterated its outlook for the year, including a cost-income ratio of 50-55 percent, which it came close to in the third quarter with a figure of 55.6 percent.

(Reporting by Francois Murphy; editing by Subhranshu Sahu and Jason Neely)

Stocks treated in this article : Erste Group Bank AG, Raiffeisen Bank International AG
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Financials (€)
Sales 2017 4 989 M
EBIT 2017 1 807 M
Net income 2017 962 M
Debt 2017 -
Yield 2017 2,02%
P/E ratio 2017 10,18
P/E ratio 2018 10,48
Capi. / Sales 2017 1,95x
Capi. / Sales 2018 1,90x
Capitalization 9 751 M
Chart RAIFFEISEN BANK INTERNATIO
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Raiffeisen Bank Internatio Technical Analysis Chart | RIBH | AT0000606306 | 4-Traders
Technical analysis trends RAIFFEISEN BANK INTERNATIO
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 20
Average target price 25,9 €
Spread / Average Target -13%
EPS Revisions
Managers
NameTitle
Karl Sevelda Chief Executive Officer
Erwin Hameseder Chairman-Supervisory Board
Andreas Gschwenter Chief Operating & Information Officer
Martin Grüll Chief Financial Officer
Heinrich Schaller Second Deputy Chairman-Supervisory Board
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