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EQS-News: Raiffeisen Bank International AG
/ Key word(s): Preliminary Results/Annual Results
RBI Board to propose dividend of EUR 1.25 per share to the AGM on 4 April
31.01.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Preliminary Results 2023
RBI Board to propose dividend of EUR 1.25 per share to the AGM on 4 April
- Consolidated profit of EUR 997 million, excluding Russia and Belarus and including EUR 873 million provisionsfor CHF mortgages in Poland
- Core revenues excluding Russia and Belarus up 17% year-over-year to EUR 6,006 million, driven by net interest income
- Lower provisioning for impairment losses year-over-year: EUR 296 million for the Group excluding Russia and Belarus
- CET1 ratio excluding Russia improves to 14.6% (Group CET1 ratio at 17.3%)
- Customer loans in Russia down EUR 3 billion in 2023 as part of de-risking approach to Russia
- RBI Board to propose dividend of EUR 1.25 per share to the AGM on 4 April 2024
Group consolidated figures in tables below (including Russia and Belarus):
| Income Statement in EUR million |
1-12/2023 |
1-12/2022 |
Q4/2023 |
Q3/2023 |
| Net interest income |
5,683 |
5,053 |
1,494 |
1,441 |
| Net fee and commission income |
3,042 |
3,878 |
677 |
667 |
| Net trading income and fair value result |
186 |
663 |
(19) |
89 |
| General administrative expenses |
(3,908) |
(3,552) |
(1,034) |
(878) |
| Operating result |
5,158 |
6,158 |
1,128 |
1,369 |
| Other result |
(906) |
(667) |
(317) |
(138) |
| Governmental measures and compulsory contributions |
(284) |
(337) |
(24) |
(22) |
| Impairment losses on financial assets |
(393) |
(949) |
(142) |
8 |
| Profit/loss before tax |
3,576 |
4,203 |
645 |
1,216 |
| Profit/loss after tax from continuing operations |
2,578 |
3,344 |
304 |
947 |
| Profit/loss from discontinued operations |
0 |
453 |
0 |
0 |
| Consolidated profit |
2,386 |
3,627 |
272 |
879 |
| Balance Sheet in EUR million |
31/12/2023 |
31/12/2022 |
| Loans to customers |
99,434 |
103,230 |
| Deposits from customers |
119,353 |
125,099 |
| Total assets |
198,241 |
207,057 |
| Total risk-weighted assets (RWA) |
93,664 |
97,680 |
| Bank-specific information |
31/12/2023 |
31/12/2022 |
| NPE Ratio |
1.9% |
1.6% |
| NPE Coverage Ratio |
51.7% |
59.0% |
| CET1 ratio |
17.3% |
16.0% |
| Total capital ratio |
21.5% |
20.2% |
| Key ratios |
1-12/2023 |
1-12/2022 |
Q4/2023 |
Q3/2023 |
| Net interest margin (Ø interest-bearing assets) |
2.87% |
2.59% |
3.06% |
2.95% |
| Cost/Income Ratio |
43.1% |
36.6% |
47.8% |
39.1% |
| Provisioning ratio (Ø loans to customers) |
0.34% |
0.73% |
0.61% |
0.00% |
| Consolidated return on equity |
14.8% |
26.8% |
6.6% |
22.7% |
| Earnings per share in EUR |
6.93 |
10.76 |
0.75 |
2.59 |
The data contained in this release is based on unaudited figures. The Annual Financial Report 2023 will be published on 22 February 2024.
Outlook
| Outlook 2024 |
RBI excl. RU/BY |
RBI |
| Net interest income in EUR |
around 4.0 bn |
around 5.1 bn |
| Net fee and commission income in EUR |
around 1.8 bn |
around 2.7 bn |
| Loans to customers (growth) |
around 6% |
around 5% |
| General administrative expenses in EUR |
around 3.3 bn |
around 4.0 bn |
| Cost/income ratio |
around 52% |
around 47% |
| Impairment losses on financial assets (before use of overlays) |
around 50 bps |
around 60 bps |
| Consolidated return on equity |
around 11% |
around 12% |
| CET1 ratio at year-end 2024 |
around 14.6%* |
around 17.8% |
| *'P/B Zero’ Russia deconsolidation scenario, before benefit from STRABAG dividend-in-kind |
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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
31.01.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
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