EQS-Adhoc: Raiffeisen Bank International AG: RBI 1-9/2024: EUR 856 million consolidated profit excluding Russia and Belarus, FY 2024 ROE guidance revised down on higher Poland provisions
EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): 9 Month
figures
Raiffeisen Bank International AG: RBI 1-9/2024: EUR 856 million
consolidated profit excluding Russia and Belarus, FY 2024 ROE guidance
revised down on higher Poland provisions
29-Oct-2024 / 18:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
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RBI 1-9/2024: EUR 856 million consolidated profit excluding Russia and
Belarus, FY 2024 ROE guidance revised down on higher Poland provisions
• Consolidated profit of EUR 856 million excluding Russia and Belarus,
including EUR 493 million provisions for CHF and EUR mortgage loans in
Poland
• Core revenues excluding Russia and Belarus slightly down at EUR 1,481
million quarter-over-quarter, reflecting muted business activity in Q3
• Provisioning ratio for the Group excluding Russia and Belarus stable
at around 30 bps in Q3
• CET1 ratio excluding Russia improves to 15.3% (Group CET1 ratio
unchanged at 17.8%)
• Russia: Significant de-risking accelerates – customer loans down
almost 67% since peak in Q2/2022 and down 23% quarter-over-quarter,
current account deposits down 26% quarter-over-quarter
• ROE guidance for 2024 adjusted to 7.5%, excluding Russia and Belarus
Income Statement in EUR million 1-9/2024 1-9/2023 Q3/2024 Q2/2024
Net interest income 4,355 4,190 1,461 1,440
Net fee and commission income 2,077 2,364 686 722
Net trading income and fair value result 98 205 39 42
General administrative expenses (2,893) (2,874) (970) (986)
Operating result 3,821 4,030 1,286 1,271
Other result (571) (589) (164) (260)
Governmental measures and compulsory
contributions (191) (259) (30) (21)
Impairment losses on financial assets (94) (251) (46) (23)
Profit/loss before tax 2,966 2,931 1,047 967
Profit/loss after tax from continuing
operations 2,253 2,274 817 715
Consolidated profit 2,083 2,114 758 661
Financial statement in EUR million 30/9/2024 31/12/2023
Loans to customers 100,105 99,434
Deposits from customers 120,300 119,353
Total assets 205,981 198,241
Total risk-weighted assets (RWA) 97,736 93,664
Bank-specific information 30/9/2024 31/12/2023
NPE Ratio 2.0% 1.9%
NPE Coverage Ratio 51.8% 51.7%
CET1 ratio transitional (incl. profit) 17.8% 17.3%
Total capital ratio transitional (incl. profit) 22.0% 21.5%
Key ratios 1-9/2024 1-9/2023 Q3/2024 Q2/2024
Net interest margin (Ø interest-bearing
assets) 2.96% 2.81% 2.97% 2.92%
Cost/Income Ratio 42.7% 41.2% 42.6% 43.2%
Provisioning ratio (Ø loans to
customers) 0.25% 0.25% 0.27% 0.27%
Consolidated return on equity 15.9% 17.4% 17.7% 15.1%
Earnings per share in EUR 6.09 6.19 2.22 1.93
Outlook
The following guidance refers to RBI excluding Russia and Belarus. The
2024 guidance for RBI including Russia and Belarus has been suspended in
light of the accelerated business reduction in Russia.
Outlook 2024 RBI excl. RU/BY
Net interest income in EUR around 4.1 bn
Net fee and commission income in EUR around 1.8 bn
Loans to customers (growth) 4 to 5%
General administrative expenses in EUR around 3.3 bn
Cost/income ratio around 52%
Provisioning ratio (before use of overlays) up to 35 bps
Consolidated return on equity around 7.5%
CET1 ratio around 14.7%*
*’P/B Zero’ Russia deconsolidation scenario
For further information please contact:
John P. Carlson, CFA
Head of 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
End of Inside Information
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29-Oct-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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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: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
Luxembourg Stock Exchange, SIX, Vienna Stock Exchange
(Official Market)
EQS News ID: 2018473
End of Announcement EQS News Service
2018473 29-Oct-2024 CET/CEST
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