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

RBI: Semi-Annual Financial Report 2024 - Stable performance in the core business

EQS-News: Raiffeisen Bank International AG / Key word(s): Half Year Results
RBI: Semi-Annual Financial Report 2024 - Stable performance in the core business

30.07.2024 / 07:28 CET/CEST
The issuer is solely responsible for the content of this announcement.


Stable performance in the core business
 
  • H1/2024 consolidated profit of EUR 604 million, excluding Russia and Belarus and including
    EUR 391 million provisions for CHF and EUR mortgage loans in Poland
  • Core revenues excluding Russia and Belarus stable at EUR 1,523 million quarter-over-quarter, slight margin-driven decrease in net interest income compensated by improved net fee and commission income
  • Uptick in provisioning for impairment losses in Q2/2024 to EUR 78 million for the Group excluding Russia and Belarus
  • CET1 ratio excluding Russia stable at 14.7% (Group CET1 ratio at 17.8%)
  • Russia: Significant de-risking accelerates – customer loans down almost 60% since peak in Q2/2022 to EUR 5.8 billion, broad restrictions on payments out of Russia as well as measures taken to further reduce customer deposits
  • ROE guidance for 2024 confirmed at 10%, excluding Russia and Belarus
 
Income Statement in EUR million1-6/20241-6/2023Q2/2024Q1/2024
Net interest income2,8952,7491,4401,455
Net fee and commission income1,3911,698722669
Net trading income and fair value result591164217
General administrative expenses(1,924)(1,995)(986)(938)
Operating result2,5352,6611,2711,263
Other result(407)(450)(260)(147)
Governmental measures and compulsory contributions(161)(237)(21)(140)
Impairment losses on financial assets(48)(259)(23)(25)
Profit/loss before tax1,9191,715967952
Profit/loss after tax1,4361,327715721
Consolidated profit1,3241,235661664
 
Financial statement  in EUR million30/6/202431/12/2023
Loans to customers101,92099,434
Deposits from customers125,333119,353
Total assets209,963198,241
Total risk-weighted assets (RWA)98,45393,664
 
Bank-specific information30/6/202431/12/2023
NPE Ratio1.8%1.9%
NPE Coverage Ratio53.3%51.7%
CET1 ratio transitional (incl. profit)17.8%17.3%
Total capital ratio transitional (incl. profit)21.9%21.5%
 
Key ratios1-6/20241-6/2023Q2/2024Q1/2024
Net interest margin (Ø interest-bearing assets)2.94%2.74%2.92%2.98%
Cost/Income Ratio42.7%42.4%43.2%42.2%
Provisioning ratio  (Ø loans to customers)0.25%0.37%0.27%0.22%
Consolidated return on equity15.0%14.9%15.1%15.0%
Earnings per share in EUR3.873.591.931.94
 


Outlook
The following guidance refers to RBI excluding Russia and Belarus. The 2024 guidance for RBI including Russia and Belarus has been suspended in light of the accelerated business reduction in Russia.
Outlook 2024RBI excl. RU/BY
Net interest income in EURaround 4.1 bn
Net fee and commission income in EURaround 1.8 bn
Loans to customers (growth)4 to 5%
General administrative expenses in EURaround 3.3 bn
Cost/income ratioaround 52%
Provisioning ratio (before use of overlays)around 35 bps
Consolidated return on equityaround 10%
CET1 ratioaround 14.7%*
*’P/B Zero’ Russia deconsolidation scenario 


For further information please contact:
John P. Carlson, CFA
Head of 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
 

 



30.07.2024 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:1956491

 
End of NewsEQS News Service

1956491  30.07.2024 CET/CEST

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