Issuer: | | Raiffeisen Bank International AG (RBIV.VI) |
Coverage Analysts: | |
Krishnendra Dubey - Primary Analyst Flora Bocahut |
Current Stock Rating/Industry View: | | Overweight/Positive
|
Disclosures applicable to this issuer:
Important Research Disclosures:
Valuation Methodology: Our valuation methodology is sum-of-the-parts based. Our key assumptions are growth of 1%-2% for individual geographies and a discount rate of 13% and COE of c.15%. 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:
- 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:
Source: IDC, Barclays Research
Raiffeisen Bank International AG
Currency=EUR
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