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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 |
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For further information please contact:
John P. Carlson, CFA
Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
phone 89
03.11.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
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