PRESS RELEASE
from Raiffeisen International Bank-Holding AG (isin : AT0000606306)
RBI 1-9/2023: Net interest income remains strong, CET1 ratio improve further
EQS-News: Raiffeisen Bank International AG / Key word(s): Quarter Results
RBI 1-9/2023: Net interest income remains strong, CET1 ratio improve further
03.11.2023 / 07:26 CET/CEST
The issuer is solely responsible for the content of this announcement.
RBI 1-9/2023: Net interest income remains strong, CET1 ratio improve further
- Profit after tax of EUR 1,186 million in 1-9/2023 excluding Russia and Belarus, up 29% (excluding Bulgaria in 2022)
- Core revenues excluding Russia and Belarus up 20% year-over-year to EUR 4,430 million, driven by net interest income
- CET1 ratio at 16.5% (transitional, incl. profit), excluding Russia 14.4%
- Significantly lower provisioning for impairment losses year-over-year (down EUR 470 million)
- Customer loans in Russia down EUR 2.7 billion year-to-date, supported by currency devaluation
- Provisions for CHF mortgages in Poland up EUR 1,338 million
Income Statement in EUR million | 1-9/2023 | 1-9/2022 | Q3/2023 | Q2/2023 |
Net interest income | 4,190 | 3,591 | 1,441 | 1,364 |
Net fee and commission income | 2,364 | 2,682 | 667 | 732 |
Net trading income and fair value result | 205 | 471 | 89 | 30 |
General administrative expenses | (2,874) | (2,574) | (878) | (1,045) |
Operating result | 4,030 | 4,275 | 1,369 | 1,152 |
Other result | (589) | (225) | (138) | (354) |
Governmental measures and compulsory contributions | (259) | (285) | (22) | (2) |
Impairment losses on financial assets | (251) | (721) | 8 | 42 |
Profit/loss before tax | 2,931 | 3,044 | 1,216 | 838 |
Profit/loss after tax from continuing operations | 2,274 | 2,455 | 947 | 627 |
Profit/loss from discontinuing operations | 0 | 453 | 0 | 0 |
Consolidated profit | 2,114 | 2,801 | 879 | 578 |
Balance Sheet in EUR million | 30/9/2023 | 31/12/2022 |
Loans to customers | 101,931 | 103,230 |
Deposits from customers | 121,233 | 125,099 |
Total assets | 204,175 | 207,057 |
Total risk-weighted assets (RWA) | 97,278 | 97,680 |
Bank-specific information | 30/9/2023 | 31/12/2022 |
NPE Ratio | 1.5% | 1.6% |
NPE Coverage Ratio | 58.9% | 59.0% |
CET1 ratio transitional (incl. profit) | 16.5% | 16.0% |
Total capital ratio transitional (incl. profit) | 20.7% | 20.2% |
Key ratios | 1-9/2023 | 1-9/2022 | Q3/2023 | Q2/2023 |
Net interest margin (Ø interest-bearing assets) | 2.81% | 2.49% | 2.95% | 2.74% |
Cost/Income Ratio | 41.6% | 37.6% | 39.1% | 47.6% |
Provisioning ratio (Ø loans to customers) | 0.25% | 0.71% | –% | (0.19%) |
Consolidated return on equity | 17.4% | 27.6% | 22.7% | 14.1% |
Earnings per share in EUR | 6.19 | 8.31 | 2.59 | 1.68 |
Outlook
Outlook 2023 | RBI excl. RU/BY | RBI |
Net interest income in EUR | 4.2-4.3 bn | 5.6-5.7 bn |
Net fee and commission income in EUR | around 1.8 bn | 2.9-3.0 bn |
Loans to customers (growth) | around 2% | minus 1% |
General administrative expenses in EUR | around 3.1 bn | around 4.0 bn |
Cost/income ratio | around 50% | 43-45% |
Impairment losses on financial assets (before use of overlays) | around 30 bps | around 40 bps |
Consolidated return on equity | around 10% | around 16% |
CET1 ratio at year-end 2023 | above 13.5%* | around 16.5% |
*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
03.11.2023 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: | 1764187 |
End of News | EQS News Service |
1764187 03.11.2023 CET/CEST