Raiffeisen Bank International posts 25% profit rise in H1 2026 without Russia

Raiffeisen Bank International (RBI) posted a first‑half‑2026 group result of €708 million, a 25 % increase over the same period a year earlier, after excluding its Russian operations. Net interest income rose 6 % to €2.187 billion and fee income grew 10 % to €1.068 billion. The bank’s core Tier‑1 capital ratio remained at 15.5 % and the non‑performing loan ratio fell to 1.6 %. Risk costs were €110 million, roughly unchanged from the prior year.

CEO Michael Höllerer said the bank will intensify work on a new strategy focused on growth and profitability. RBI is advancing two major M&A projects: the acquisition of Addiko Bank in Slovenia, where a bidding war with NLB has ended, and the BBVA Garant deal. Bawag’s planned purchase of Permanent TSB Group Holdings received 91 % shareholder approval and is expected to close in Q4 2026 or Q1 2027, subject to court and regulator sign‑off. The bank continues to wind down its Russian business, which had generated a €550 million profit after a prior loss.

Overall, RBI expects full‑year interest income above €4.4 billion and fee income around €2.2 billion, with a stable capital position.