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Raiffeisen Bank International AG (RAIFY) Q1 2026 Earnings Call May 5, 2026 8:00 AM EDT
Company Participants
Johann Strobl – Chairman of the Management Board & CEO
Kamila Makhmudova – Chief Financial Officer
Hannes Mosenbacher – Chief Risk Officer & Member of Management Board
Conference Call Participants
Benoit Petrarque – Kepler Cheuvreux, Research Division
Benjamin Maher – Keefe, Bruyette, & Woods, Inc., Research Division
Gabor Kemeny – Bernstein Autonomous LLP
Mate Nemes – UBS Investment Bank, Research Division
Krishnendra Dubey – Barclays Bank PLC, Research Division
Simon Nellis – Citigroup Inc., Research Division
Riccardo Rovere – Mediobanca – Banca di credito finanziario S.p.A., Research Division
Robert Brzoza – Biuro Maklerskie PKO Banku Polskiego, Research Division
Presentation
Operator
Good afternoon, ladies and gentlemen, and welcome to the Q1 Results 2026 Conference Call of Raiffeisen Bank International.
[Operator Instructions] Today’s conference is being recorded.
At this time, I would like to turn the conference over to Mr. Johann Strobl, Chief Executive Officer. Please go ahead, sir.
Johann Strobl
Chairman of the Management Board & CEO
Thank you. Good afternoon, ladies and gentlemen. Thank you for joining us today for our first quarter update. Hannes and I are delighted to be joined by Kamila Makhmudova, our CFO and Board member since January this year. This is a very exciting time for RBI, and we are very fortunate to have her on board.
Let me start with an overview of our key figures in the first quarter, and I refer to Slide #4 in our presentation. The operating result of the group, excluding Russia, came in at EUR 760 million, up 3.2% versus the last quarter and up 12% versus the same period last year. This speaks to the strength of our operating business, driven by decent loan demand, stable margins and the strong fee business. Consolidated profit stands at EUR 209 million, largely impacted by effects below the operating results. A large portion of
