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Raiffeisen Bank International AG: Semi-Annual Financial Report 2023: Core revenues remain strong - Outlook updated

EQS-News: Raiffeisen Bank International AG / Key word(s): Half Year Results
Raiffeisen Bank International AG: Semi-Annual Financial Report 2023: Core revenues remain strong - Outlook updated

01.08.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


 RBI: Semi-Annual Financial Report 2023

Core revenues remain strong - Outlook updated

  

  • Half-year profit after tax from continuing operations excluding Russia and Belarus broadly stable year-on-year despite very high portfolio-based provisions for litigations in Poland (EUR 424 million)
  • Net interest income excluding Russia and Belarus up 4.2% quarter-on-quarter
  • Net fee and commission income quarter-on-quarter up 4.4% and 5.2% in CE and SEE, respectively; offset by drop in GC&M
  • Ongoing reduction of business in Russia: net fee and commission income down 47% quarter-on-quarter, loans to customers down 35% in local currency since the beginning of the war
  • Risk costs significantly down year-on-year to EUR 259 million in H1/2023
  • CET1 ratio at 15.9% (transitional, incl. result), excluding Russia 13.9%
  • Core revenues outlook improves; expected ROE for 2023 unchanged due to higher provisions in Poland

 

 
Income Statement in EUR million1-6/20231-6/2022Q2/2023Q1/2023
Net interest income2,7492,1991,3641,385
Net fee and commission income1,6981,565732966
Net trading income and fair value result1163163086
General administrative expenses(1,995)(1,649)(1,045)(950)
Operating result2,6612,5001,1521,509
Other result(450)(108)(354)(96)
Governmental measures and compulsory contributions(237)(241)(2)(236)
Impairment losses on financial assets(259)(561)42(301)
Profit/loss before tax1,7151,590838877
Profit/loss after tax from continuing operations1,3271,299627700
Profit/loss from discontinuing operations045300
Consolidated profit1,2351,712578657

 

Balance Sheet in EUR million30/6/202331/12/2022
Loans to customers101,806103,230
Deposits from customers120,553125,099
Total assets206,123207,057
Total risk-weighted assets (RWA)99,20797,680

 

Bank-specific information30/6/202331/12/2022
NPE Ratio 1.5%  1.6% 
NPE Coverage Ratio 57.6%  59.0% 
CET1 ratio 15.9%  16.0% 
Total capital ratio 20.0%  20.2% 

 

Key ratios1-6/20231-6/2022Q2/2023Q1/2023
Net interest margin (Ø interest-bearing assets) 2.74%  2.37%  2.74%  2.75% 
Cost/Income Ratio 42.9%  39.7%  47.6%  38.6% 
Provisioning ratio  (Ø loans to customers) 0.37%  0.86%  (0.19%) 0.93% 
Consolidated return on equity 14.9%  25.5%  14.1%  15.8% 
Earnings per share in EUR3.595.071.681.92


 

Outlook 2023RBI excl. RU/BYRBI
Net interest income in EUR3.8-4.0 bn5.3-5.4 bn
Net fee and commission income in EURaround 1.8 bn3.2-3.4 bn
Loans to customers (growth)around 2%~0%
General administrative expenses in EURaround 3.1 bnaround 4.0 bn
Cost/income ratio51-53%43-45%
Impairment losses on financial assets (before use of overlays)around 45 bpsup to 60 bps
Consolidated return on equityaround 10%around 17%
CET1 ratio at year-end 2023above 13.5%*above 16%
*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

 



01.08.2023 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:1692501

 
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1692501  01.08.2023 CET/CEST

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