1046 GMT - Austrian lenders are well positioned for their next leg of growth, Keefe, Bruyette & Woods says in a research note. Analysts Ben Maher and Hugo Cruz say they continue to favor names that offer high return on tangible equity and loan growth such as Erste and Bawag. Both are integrating recent acquisitions, and this seems to be progressing well, they write. "M&A [is] to remain a key driver of growth going forward," they add. Yet, Raiffeisen's business excluding its Russian operations is delivering sluggish growth and returns compared with peers, which is underwhelming, they say. Sentiment will continue to be driven by news on a resolution in Ukraine though the analysts keep a cautious view on the bank's ability to access its capital in Russia. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
August 19, 2025 06:46 ET (10:46 GMT)
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