Raiffeisen Bank

Raiffeisen Bank Aval, controlled by Raiffeisen Bank International since 2005, is the 5th largest bank in Ukraine, accounting for 5% of total domestic banking assets. The EBRD acquired a 30% stake in Aval in 2015.

Shareholders Structure

SUMMARY

Market Price ($) 0.0109
Market Cap ($m) 673
Shares Outstanding 61,495,162,580
Code BAVL

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2018 2019 2020 2021 2022E
Sales ($m) 367 401 *** *** ***
Net Income ($m) 191 185 *** *** ***
Book Value ($m) 422 556 *** *** ***
Indicator 2018 2019 2020 2021 2022E
P/E 3.51 3.63 *** *** ***
P/Book 1.59 1.21 *** *** ***
ROE(%) - 37.9% *** *** ***

Company Peers

Latest news about Raiffeisen Bank

Feb 10, 2022
| Banking

Raiffeisen Bank – Reports lower profitability in 4Q21

According to preliminary data released by the NBU, Raiffeisen Bank earned 4Q21 net profit of UAH 1.14bn ($43m), -18% q-o-q, bringing 2021 net profit to UAH 4.86bn ($178m), +19% y-o-y. Total assets (in UAH terms) increased by 10% q-o-q and 23% y-o-y, with net loans +15% q-o-q and +50% y-o-y. Customer deposits (in UAH terms) were up 5% q-o-q and 22% y-o-y. NIM (based on net interest-bearing assets and in UAH terms) totaled 8.4%, +0.8pp q-o-q (7.8% in 2021, -0.3pp y-o-y). Cost/Income stood at 60%, +11pp q-o-q (53% in 2021; +1pp y-o-y). Cost of risk (annualized) came in at 1.3% in 4Q21 vs. pos. 0.4% in 3Q21 on a release of provisions (0.1% in 2021 vs. 1.4% in 2020). Total capital adequacy (NBU) came in at 13.7%, -2.7pp q-o-q and -4.3pp y-o-y.
Oct 29, 2021
| Banking

Raiffeisen Bank — Improves 3Q21 profitability

Raiffeisen Bank (RB) published its 3Q21 results (IFRS separate; unaudited), reporting net profit of UAH 1.4bn ($51m), +11% q-o-q, which brought 9M21 net income to UAH 3.7bn ($135m), +19% y-o-y. Total assets (in UAH terms) increased by 2% q-o-q and 16% y-o-y, with net loans +9% q-o-q and +36% y-o-y. Customer deposits (in UAH terms) were up 4% q-o-q and 21% y-o-y. NIM (based on net interest-bearing assets and in UAH terms) stood at 7.6%, flat q-o-q (7.4% in 9M21, -1.0pp y-o-y). Cost/Income totaled 49%, +2pp q-o-q (49% in 9M21; +3pp y-o-y). Cost of risk (annualized) was positive at 0.4% (flat q-o-q), reflecting a release of provisions (pos. 0.2% in 9M21 vs. 1.1% in 9M20). Impaired loans (defined as Stage-3 and Purchased/Originated Credit Impaired loans under IFRS 9) stood at 2.8% of total loans at end-3Q21, -0.4pp q-o-q and -5.5pp y-o-y, with LLR coverage of 101%, +1pp q-o-q and +26pp y-o-y. The capital adequacy ratio (NBU) stood at 16.4%, +0.1pp q-o-q and -0.2pp y-o-y.
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