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par Raiffeisen International Bank-Holding AG (isin : AT0000606306)

RBI: 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
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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 millionQ1/2024Q1/2023Q4/2023
Net interest income1,4551,3851,494
Net fee and commission income669966677
Net trading income and fair value result1786(19)
General administrative expenses(938)(950)(1,034)
Operating result1,2631,5091,128
Other result(147)(96)(317)
Governmental measures and compulsory contributions(140)(236)(24)
Impairment losses on financial assets(25)(301)(142)
Profit/loss before tax952877645
Profit/loss after tax721700304
Consolidated profit664657272

 

Balance Sheet in EUR million31/3/202431/12/2023
Loans to customers100,43499,434
Deposits from customers120,938119,353
Total assets203,398198,241
Total risk-weighted assets (RWA)95,60193,664

 

Bank-specific information31/3/202431/12/2023
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 ratiosQ1/2024Q1/2023Q4/2023
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 EUR1.941.920.75

 

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 2024RBI excl. RU/BY
Net interest income in EURaround 4.0 bn
Net fee and commission income in EURaround 1.8 bn
Loans to customers (growth)3 to 4%
General administrative expenses in EURaround 3.3 bn
Cost/income ratioaround 52%
Impairment losses on financial assets (before use of overlays)around 50 bps
Consolidated return on equityaround 10%
CET1 ratioaround 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 NewsEQS News Service

1893763  02.05.2024 CET/CEST

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