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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
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Consolidated profit of EUR 997 million, excluding Russia and Belarus and including EUR 873 million provisionsfor CHF mortgages in Poland
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Core revenues excluding Russia and Belarus up 17% year-over-year to EUR 6,006 million, driven by net interest income
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Lower provisioning for impairment losses year-over-year: EUR 296 million for the Group excluding Russia and Belarus
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CET1 ratio excluding Russia improves to 14.6% (Group CET1 ratio at 17.3%)
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Customer loans in Russia down EUR 3 billion in 2023 as part of de-risking approach to Russia
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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):
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Income Statement in EUR million
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1-12/2023
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1-12/2022
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Q4/2023
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Q3/2023
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Net interest income
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5,683
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5,053
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1,494
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1,441
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Net fee and commission income
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3,042
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3,878
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677
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667
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Net trading income and fair value result
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186
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663
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(19)
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89
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General administrative expenses
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(3,908)
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(3,552)
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(1,034)
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(878)
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Operating result
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5,158
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6,158
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1,128
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1,369
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Other result
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(906)
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(667)
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(317)
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(138)
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Governmental measures and compulsory contributions
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(284)
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(337)
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(24)
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(22)
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Impairment losses on financial assets
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(393)
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(949)
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(142)
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8
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Profit/loss before tax
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3,576
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4,203
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645
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1,216
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Profit/loss after tax from continuing operations
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2,578
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3,344
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304
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947
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Profit/loss from discontinued operations
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0
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453
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0
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0
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Consolidated profit
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2,386
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3,627
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272
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879
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Balance Sheet in EUR million
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31/12/2023
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31/12/2022
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Loans to customers
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99,434
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103,230
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Deposits from customers
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119,353
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125,099
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Total assets
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198,241
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207,057
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Total risk-weighted assets (RWA)
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93,664
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97,680
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Bank-specific information
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31/12/2023
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31/12/2022
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NPE Ratio
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1.9%
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1.6%
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NPE Coverage Ratio
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51.7%
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59.0%
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CET1 ratio
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17.3%
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16.0%
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Total capital ratio
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21.5%
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20.2%
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Key ratios
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1-12/2023
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1-12/2022
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Q4/2023
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Q3/2023
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Net interest margin (Ø interest-bearing assets)
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2.87%
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2.59%
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3.06%
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2.95%
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Cost/Income Ratio
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43.1%
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36.6%
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47.8%
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39.1%
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Provisioning ratio (Ø loans to customers)
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0.34%
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0.73%
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0.61%
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0.00%
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Consolidated return on equity
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14.8%
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26.8%
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6.6%
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22.7%
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Earnings per share in EUR
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6.93
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10.76
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0.75
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2.59
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The data contained in this release is based on unaudited figures. The Annual Financial Report 2023 will be published on 22 February 2024.
Outlook
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Outlook 2024
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RBI excl. RU/BY
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RBI
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Net interest income in EUR
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around 4.0 bn
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around 5.1 bn
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Net fee and commission income in EUR
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around 1.8 bn
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around 2.7 bn
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Loans to customers (growth)
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around 6%
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around 5%
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General administrative expenses in EUR
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around 3.3 bn
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around 4.0 bn
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Cost/income ratio
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around 52%
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around 47%
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Impairment losses on financial assets (before use of overlays)
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around 50 bps
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around 60 bps
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Consolidated return on equity
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around 11%
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around 12%
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CET1 ratio at year-end 2024
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around 14.6%*
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around 17.8%
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*’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
ir@rbinternational.com
phone +43-1-71 707-2089
www.rbinternational.com
31.01.2024 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com
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