PRESS RELEASE
from Raiffeisen International Bank-Holding AG (isin : AT0000606306)
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 million | 1-6/2023 | 1-6/2022 | Q2/2023 | Q1/2023 |
| Net interest income | 2,749 | 2,199 | 1,364 | 1,385 |
| Net fee and commission income | 1,698 | 1,565 | 732 | 966 |
| Net trading income and fair value result | 116 | 316 | 30 | 86 |
| General administrative expenses | (1,995) | (1,649) | (1,045) | (950) |
| Operating result | 2,661 | 2,500 | 1,152 | 1,509 |
| 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 tax | 1,715 | 1,590 | 838 | 877 |
| Profit/loss after tax from continuing operations | 1,327 | 1,299 | 627 | 700 |
| Profit/loss from discontinuing operations | 0 | 453 | 0 | 0 |
| Consolidated profit | 1,235 | 1,712 | 578 | 657 |
| Balance Sheet in EUR million | 30/6/2023 | 31/12/2022 |
| Loans to customers | 101,806 | 103,230 |
| Deposits from customers | 120,553 | 125,099 |
| Total assets | 206,123 | 207,057 |
| Total risk-weighted assets (RWA) | 99,207 | 97,680 |
| Bank-specific information | 30/6/2023 | 31/12/2022 |
| 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 ratios | 1-6/2023 | 1-6/2022 | Q2/2023 | Q1/2023 |
| 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 EUR | 3.59 | 5.07 | 1.68 | 1.92 |
| Outlook 2023 | RBI excl. RU/BY | RBI |
| Net interest income in EUR | 3.8-4.0 bn | 5.3-5.4 bn |
| Net fee and commission income in EUR | around 1.8 bn | 3.2-3.4 bn |
| Loans to customers (growth) | around 2% | ~0% |
| General administrative expenses in EUR | around 3.1 bn | around 4.0 bn |
| Cost/income ratio | 51-53% | 43-45% |
| Impairment losses on financial assets (before use of overlays) | around 45 bps | up to 60 bps |
| Consolidated return on equity | around 10% | around 17% |
| CET1 ratio at year-end 2023 | above 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 |
| End of News | EQS News Service |
1692501 01.08.2023 CET/CEST