|
EQS-News: Raiffeisen Bank International AG
/ Key word(s): Half Year Results
Raiffeisen Bank International AG: Semi-Annual Financial Report 2023: Core revenues remain strong – Outlook updated
01.08.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
RBI: Semi-Annual Financial Report 2023
Core revenues remain strong – Outlook updated
-
Half-year profit after tax from continuing operations excluding Russia and Belarus broadly stable year-on-year despite very high portfolio-based provisions for litigations in Poland (EUR 424 million)
-
Net interest income excluding Russia and Belarus up 4.2% quarter-on-quarter
-
Net fee and commission income quarter-on-quarter up 4.4% and 5.2% in CE and SEE, respectively; offset by drop in GC&M
-
Ongoing reduction of business in Russia: net fee and commission income down 47% quarter-on-quarter, loans to customers down 35% in local currency since the beginning of the war
-
Risk costs significantly down year-on-year to EUR 259 million in H1/2023
-
CET1 ratio at 15.9% (transitional, incl. result), excluding Russia 13.9%
-
Core revenues outlook improves; expected ROE for 2023 unchanged due to higher provisions in Poland
|
Income Statement in EUR million
|
1-6/2023
|
1-6/2022
|
Q2/2023
|
Q1/2023
|
|
Net interest income
|
2,749
|
2,199
|
1,364
|
1,385
|
|
Net fee and commission income
|
1,698
|
1,565
|
732
|
966
|
|
Net trading income and fair value result
|
116
|
316
|
30
|
86
|
|
General administrative expenses
|
(1,995)
|
(1,649)
|
(1,045)
|
(950)
|
|
Operating result
|
2,661
|
2,500
|
1,152
|
1,509
|
|
Other result
|
(450)
|
(108)
|
(354)
|
(96)
|
|
Governmental measures and compulsory contributions
|
(237)
|
(241)
|
(2)
|
(236)
|
|
Impairment losses on financial assets
|
(259)
|
(561)
|
42
|
(301)
|
|
Profit/loss before tax
|
1,715
|
1,590
|
838
|
877
|
|
Profit/loss after tax from continuing operations
|
1,327
|
1,299
|
627
|
700
|
|
Profit/loss from discontinuing operations
|
0
|
453
|
0
|
0
|
|
Consolidated profit
|
1,235
|
1,712
|
578
|
657
|
|
Balance Sheet in EUR million
|
30/6/2023
|
31/12/2022
|
|
Loans to customers
|
101,806
|
103,230
|
|
Deposits from customers
|
120,553
|
125,099
|
|
Total assets
|
206,123
|
207,057
|
|
Total risk-weighted assets (RWA)
|
99,207
|
97,680
|
|
Bank-specific information
|
30/6/2023
|
31/12/2022
|
|
NPE Ratio
|
1.5%
|
1.6%
|
|
NPE Coverage Ratio
|
57.6%
|
59.0%
|
|
CET1 ratio
|
15.9%
|
16.0%
|
|
Total capital ratio
|
20.0%
|
20.2%
|
|
Key ratios
|
1-6/2023
|
1-6/2022
|
Q2/2023
|
Q1/2023
|
|
Net interest margin (Ø interest-bearing assets)
|
2.74%
|
2.37%
|
2.74%
|
2.75%
|
|
Cost/Income Ratio
|
42.9%
|
39.7%
|
47.6%
|
38.6%
|
|
Provisioning ratio (Ø loans to customers)
|
0.37%
|
0.86%
|
(0.19%)
|
0.93%
|
|
Consolidated return on equity
|
14.9%
|
25.5%
|
14.1%
|
15.8%
|
|
Earnings per share in EUR
|
3.59
|
5.07
|
1.68
|
1.92
|
|
Outlook 2023
|
RBI excl. RU/BY
|
RBI
|
|
Net interest income in EUR
|
3.8-4.0 bn
|
5.3-5.4 bn
|
|
Net fee and commission income in EUR
|
around 1.8 bn
|
3.2-3.4 bn
|
|
Loans to customers (growth)
|
around 2%
|
~0%
|
|
General administrative expenses in EUR
|
around 3.1 bn
|
around 4.0 bn
|
|
Cost/income ratio
|
51-53%
|
43-45%
|
|
Impairment losses on financial assets (before use of overlays)
|
around 45 bps
|
up to 60 bps
|
|
Consolidated return on equity
|
around 10%
|
around 17%
|
|
CET1 ratio at year-end 2023
|
above 13.5%*
|
above 16%
|
|
*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
01.08.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com
|