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ISIN: AT0000606306
WKN: A0D9SU
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Raiffeisen Bank International AG · ISIN: AT0000606306 · Newswire (Unternehmen)
Land: Österreich · Primärmarkt: Österreich · EQS NID: 1893763
02 Mai 2024 07:30AM

Consolidated profit excluding Russia and Belarus remains strong


EQS-News: Raiffeisen Bank International AG / Key word(s): Quarter Results
RBI: Consolidated profit excluding Russia and Belarus remains strong

02.05.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


RBI: First Quarter Report 2024

Consolidated profit excluding Russia and Belarus remains strong 

 
  • Consolidated profit of EUR 333 million, excluding Russia and Belarus and including EUR 109 million provisions for CHF mortgages in Poland
  • Core revenues excluding Russia and Belarus down 4% quarter-over-quarter to EUR 1,519 million, mainly driven by lower interest rates and seasonal effects
  • Lower provisioning for impairment losses: EUR 3 million for the Group excluding Russia and Belarus
  • CET1 ratio excluding Russia unchanged at 14.6% (Group CET1 ratio at 17.3%)
  • Customer loans in Russia down 58% since peak in Q2/2022 to EUR 5.8 billion as part of de-risking approach to Russia
  • The 2024 guidance for the Group including Russia and Belarus has been suspended in light of the ECB’s requirement to accelerate business reduction in Russia 
 

 

Income Statement in EUR million Q1/2024 Q1/2023 Q4/2023
Net interest income 1,455 1,385 1,494
Net fee and commission income 669 966 677
Net trading income and fair value result 17 86 (19)
General administrative expenses (938) (950) (1,034)
Operating result 1,263 1,509 1,128
Other result (147) (96) (317)
Governmental measures and compulsory contributions (140) (236) (24)
Impairment losses on financial assets (25) (301) (142)
Profit/loss before tax 952 877 645
Profit/loss after tax 721 700 304
Consolidated profit 664 657 272

 

Balance Sheet in EUR million 31/3/2024 31/12/2023
Loans to customers 100,434 99,434
Deposits from customers 120,938 119,353
Total assets 203,398 198,241
Total risk-weighted assets (RWA) 95,601 93,664

 

Bank-specific information 31/3/2024 31/12/2023
NPE Ratio  1.9%   1.9% 
NPE Coverage Ratio  50.1%   51.7% 
CET1 ratio transitional (incl. profit)  17.3%   17.3% 
Total capital ratio transitional (incl. profit)  21.6%   21.5% 

 

Key ratios Q1/2024 Q1/2023 Q4/2023
Net interest margin (Ø interest-bearing assets)  2.98%   2.75%   3.06% 
Cost/Income Ratio  42.2%   38.2%   47.4% 
Provisioning ratio  (Ø loans to customers)  0.22%   0.93%   0.61% 
Consolidated return on equity  15.0%   15.8%   6.6% 
Earnings per share in EUR 1.94 1.92 0.75

 

Outlook

The following guidance refers to RBI excluding Russia and Belarus. The 2024 guidance for the Group including Russia and Belarus has been suspended in light of the ECB’s requirements to accelerate business reduction in Russia (see ad-hoc release from 18 April 2024).

Outlook 2024 RBI excl. RU/BY
Net interest income in EUR around 4.0 bn
Net fee and commission income in EUR around 1.8 bn
Loans to customers (growth) 3 to 4%
General administrative expenses in EUR around 3.3 bn
Cost/income ratio around 52%
Impairment losses on financial assets (before use of overlays) around 50 bps
Consolidated return on equity around 10%
CET1 ratio around 14.6%*
*’P/B Zero’ Russia deconsolidation scenario  

 

 

For further information please contact:

John P. Carlson, CFA

Group Investor Relations

Raiffeisen Bank International AG

Am Stadtpark 9

1030 Vienna, Austria

ir@rbinternational.com

phone +43-1-71 707-2089

www.rbinternational.com

 



02.05.2024 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com


Language: English
Company: Raiffeisen Bank International AG
Am Stadtpark 9
A-1030 Vienna
Austria
Phone: +43-1-71707-2089
Fax: +43-1-71707-2138
E-mail: ir@rbinternational.com
Internet: www.rbinternational.com
ISIN: AT0000606306
WKN: A0D9SU
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange, SIX, Vienna Stock Exchange (Official Market)
EQS News ID: 1893763

 
End of News EQS News Service

1893763  02.05.2024 CET/CEST

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