Disclosures
Search the current disclosures for any issuer name or ticker covered by Barclays Research or any independent research firm whose reports are made available by Barclays.
| Issuer: | Raiffeisen Bank International AG (RBIV.VI) | |
| Coverage Analysts: |
Krishnendra Dubey - Primary Analyst Flora Bocahut | |
| Current Stock Rating/Industry View: | Equal Weight/Positive |
Disclosures applicable to this issuer:
Other Material Conflicts:
Barclays Bank PLC and/or its affiliates is acting as Sole Financial Advisor to Raiffeisen Bank International AG on the possible Acquisition of Garanti BBVA Group Romania from subsidiaries of BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Important Research Disclosures:
Valuation Methodology: Our valuation methodology is sum-of-the-parts based. Our key assumptions are growth of 1-3% for individual geographies and a discount rate of 13% and Group COE of c.16% (ex Russia of 13.0%). We value divisions based on allocated capital and normalised RoCET1 and add excess capital/deficit.
Risks which May Impede the Achievement of the Barclays Research Price Target: Key risks to our price target include the following:
- Geopolitical risk across the major markets and delay in implementing solutions for the Russia business.
- Market share loss in key geographies owing to competition.
- Delay in execution and release of NGEU and MFF funds.
- CESEE Economic growth is slower than anticipated, resulting in interest rate actions.
Price Chart:- Geopolitical risk across the major markets and delay in implementing solutions for the Russia business.
- Market share loss in key geographies owing to competition.
- Delay in execution and release of NGEU and MFF funds.
- CESEE Economic growth is slower than anticipated, resulting in interest rate actions.
Source: IDC, Barclays Research
Raiffeisen Bank International AG
Currency=EUR
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