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EQS-News: Raiffeisen Bank International AG
/ Key word(s): Preliminary Results
Preliminary Results 2024 - Consolidated profit stable at EUR 975 million for the core Group
04.02.2025 / 07:29 CET/CEST
The issuer is solely responsible for the content of this announcement.
- Consolidated profit 2024 of EUR 975 million for the core Group (excluding Russia and Belarus), including EUR 649 million provisions for CHF and EUR mortgage loans in Poland
- Net interest income for the core Group stable at EUR 4,155 million while net fee and commission income improves 5% to EUR 1,845 million
- Provisioning ratio for the core Group at 27 bps
- CET1 ratio excluding Russia at 15.1% (Group CET1 ratio at 17.1%)
- EUR 840 million legal provision booked through AO Raiffeisenbank Russia income statement relating to ongoing legal proceedings
- Sale of Belarusian Group units completed in Q4, leading to positive 4 basis points impact on Group CET1 ratio (excluding Russia) and a negative EUR 824 million deconsolidation effect through income statement
- Dividend proposal of EUR 1.10 per share
- Outlook for 2025 (excluding Russia), including 6% to 7% loan growth and stable CET1 ratio
Group consolidated figures in tables below (including Russia and Belarus):
| Income Statement in EUR million |
1-12/2024 |
1-12/2023 |
Q4/2024 |
Q3/2024 |
| Net interest income |
5,779 |
5,596 |
1,511 |
1,430 |
| Net fee and commission income |
2,638 |
2,906 |
668 |
650 |
| Net trading income and fair value result |
111 |
161 |
36 |
32 |
| General administrative expenses |
(3,786) |
(3,837) |
(948) |
(952) |
| Operating result |
4,915 |
4,991 |
1,258 |
1,229 |
| Other result |
(1,590) |
(905) |
(1,032) |
(164) |
| Governmental measures and compulsory contributions |
(216) |
(282) |
(26) |
(30) |
| Impairment losses on financial assets |
(125) |
(391) |
(13) |
(51) |
| Profit/loss before tax |
2,984 |
3,412 |
186 |
985 |
| Profit/loss after tax from continuing operations |
2,031 |
2,454 |
(95) |
771 |
| Gains/losses from discontinued operations |
(673) |
124 |
(800) |
46 |
| Consolidated profit |
1,157 |
2,386 |
(926) |
758 |
| Financial statement in EUR million |
31/12/2024 |
31/12/2023 |
| Loans to customers |
99,551 |
99,434 |
| Deposits from customers |
117,717 |
119,353 |
| Total assets |
199,851 |
198,241 |
| Total risk-weighted assets (RWA) |
95,600 |
93,664 |
| Bank-specific information |
31/12/2024 |
31/12/2023 |
| NPE Ratio |
2.1% |
1.9% |
| NPE Coverage Ratio |
51.6% |
51.7% |
| CET1 ratio |
17.1% |
17.3% |
| Total capital ratio |
21.5% |
21.5% |
| Key ratios |
1-12/2024 |
1-12/2023 |
Q4/2024 |
Q3/2024 |
| Net interest margin (Ø interest-bearing assets) |
2.98% |
2.86% |
3.13% |
2.93% |
| Cost/Income Ratio |
43.0% |
43.0% |
42.3% |
43.3% |
| Provisioning ratio (Ø loans to customers) |
0.22% |
0.33% |
0.02% |
0.29% |
| Consolidated return on equity |
9.4% |
14.8% |
— |
17.7% |
| Earnings per share in EUR |
3.19 |
6.93 |
-2.90 |
2.22 |
The data contained in this release is based on unaudited figures. The Annual Financial Report 2024 will be published on 25 February 2025.
Outlook 2025
The following guidance refers to RBI excluding Russia.
| Outlook 2025 |
RBI excl. RU |
| Net interest income in EUR |
around 4.15 bn |
| Net fee and commission income in EUR |
around 1.95 bn |
| Loans to customers (growth) |
6 to 7% |
| General administrative expenses in EUR |
around 3.45 bn |
| Cost/income ratio |
around 52,5% |
| Provisioning ratio (excluding potential use of overlays) |
up to 50 bps |
| Consolidated return on equity |
around 10% |
| CET1 ratio |
around 15.2%* |
| *’P/B Zero’ Russia deconsolidation scenario |
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In the medium term, RBI aims to achieve a consolidated return on equity of at least 13% excluding Russia and excluding provisions and legal cost for foreign currency loans in Poland.
For further information please contact:
John P. Carlson, CFA
Head of Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
phone 89
04.02.2025 CET/CEST This Corporate News was distributed by EQS Group.
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