Ad-hoc | 12 November 2015 07:33
Raiffeisen Bank International AG / Key word(s): 9-month figures/9-month figures
12.11.2015 07:33
Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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- Net interest income of EUR 2,495 mn (down 13.8% y-o-y)
- General administrative expenses decreased to EUR 2,101 mn (down 8.5%
y-o-y)
- Net provisioning for impairment losses decreased to EUR 783 mn (down
27.7% y-o-y)
- In Poland the remaining goodwill in the amount of EUR 96 mn was fully
impaired
- In Croatia a charge of EUR 75 mn for the forced conversion of Swiss Franc
loans into Euro was booked
- Profit before tax increased to EUR 624 mn (up 24.3% y-o-y)
- Consolidated profit increased to EUR 378 mn (up 67.6% y-o-y)
- Common equity tier 1 ratio: fully loaded 10.8%; transitional 11.4%
- Leverage ratio: fully loaded 6.1%; transitional 6.5%
Income Statement in EUR mn 1-9/2015 1-9/2014 Q3/2015 Q2/2015
Net interest income 2,495 2,894 813 862
Net provisioning for
impairment losses (783) (1,083) (191) (332)
Net interest income after
provisioning 1,712 1,811 622 530
Net fee and commission
income 1,129 1,168 384 385
Net trading income (12) 38 (14) 64
General administrative
expenses (2,101) (2,295) (713) (697)
Other results (152) (257) (155) (18)
Profit before tax 624 502 157 279
Profit after tax 432 259 106 226
Consolidated profit 378 225 90 204
Balance Sheet in EUR mn 30/09/15 31/12/14
Equity 8,624 8,302
Total assets 117,238 121,624
NPL ratio 12.1% 11.3%
NPL coverage ratio 66.6% 67.4%
Risk-weighted assets (total
RWA) 67,195 68,721
Ratios 30/09/15 31/12/14
Common equity tier 1 ratio
(transitional) 11.4% 10.9%
Common equity tier 1 ratio
(fully loaded) 10.8% 10.0%
Total capital ratio
(transitional) 16.7% 16.0%
Total capital ratio (fully
loaded) 16.2% 15.2%
1-9/2015 1-9/2014
Net interest margin 2.99% 3.29%
Return on equity before tax 9.9% 5.8%
Cost/income ratio 57.4% 55.5%
Earnings per share in EUR 1.29 0.42
Resources 30/09/15 31/12/14
Employees (full-time
equivalents) 52,744 54,730
Business outlets 2,754 2,866
Outlook
We are planning an aggregate gross risk-weighted asset (total RWA)
reduction of EUR 16 billion in selected markets by the end of 2017 (based
on total RWA as at 31 December 2014: EUR 68.7 billion). We intend to partly
offset the reduction with growth in other business areas.
After the implementation of the new strategic measures, the cost base
should be 20 per cent below the level of 2014 (at constant prices and
foreign exchange rates; general administrative expenses 2014: EUR 3,024
million). We further aim to achieve a cost/income ratio of between 50 and
55 per cent in the medium term.
We aim for a return on equity before tax of approximately 14 per cent and a
consolidated return on equity of approximately 11 per cent in the medium
term.
We currently expect a small consolidated profit for 2015 as the majority of
the restructuring costs will be incurred after 2015 (we assume
restructuring costs of around EUR 100 million for 2015).
We expect net provisioning for impairment losses to remain elevated in
2015; however, we anticipate that the requirement will be below the level
of the previous year (2014: EUR 1,716 million).
We target a CET1 ratio (fully loaded) of 12 per cent and a total capital
ratio (fully loaded) of 16 per cent by the end of 2017.
For further information please contact:
Susanne E. Langer
Head of Group Investor Relations
Spokesperson
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
ir@rbinternational.com
phone +43-1-71 707-2089
www.rbinternational.com
12.11.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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: Wien (Amtlicher Handel / Official Market)
End of Announcement DGAP News-Service
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