EQS-News: Raiffeisen Bank International AG: Consolidated profit of EUR 1.4 billion in 2021, above pre-pandemic level

EQS-News: Raiffeisen Bank International AG / Key word(s): Preliminary
Results/Annual Results
Raiffeisen Bank International AG: Consolidated profit of EUR 1.4 billion
in 2021, above pre-pandemic level

02.02.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

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RBI: Consolidated profit of EUR 1.4 billion in 2021, above pre-pandemic
level, driven by economic recovery in core markets

– Net interest income up 7% year-on-year driven by volume growth and
higher key rates

– Record net fee and commission income of EUR 1,985 million, up 18%

– Cost/income ratio at 53.5%

– 0.30% provisioning ratio, including stage 1 & 2 provisions for COVID-19
and geopolitics

– Loans to customers up 15%, incl. Bulgarian entity

– Net interest margin stabilized around 2%

– CET1 ratio at 13.1%

– Dividend proposal of EUR 1.15 per share, corresponding to a payout ratio
of 28%
 

Income Statement in EUR million 1-12/2021 1-12/2020 Q4/2021 Q3/2021
Net interest income 3,327 3,121 976 843
Net fee and commission income 1,985 1,684 561 521
Net trading income and fair value (4)
result 53 91 24
General administrative expenses (2,978) (2,832) (856) (736)
Operating result 2,592 2,241 763 666
Other result (295) (204) (175) (46)
Governmental measures and compulsory
contributions (213) (257) (32) (26)
Impairment losses on financial assets (295) (598) (150) (44)
Profit/loss before tax 1,790 1,183 406 550
Profit/loss after tax from continuing
operations 1,422 862 329 452
Profit/loss from discontinuing 48 24 29
operations 86
Consolidated profit 1,372 804 317 443

Balance Sheet in EUR million 31/12/2021 31/12/2020  
Loans to customers 100,832 90,671  
Deposits from customers 115,153 102,112  
Total assets 192,101 165,959  
Total risk-weighted assets (RWA) 89,921 78,864  

 
 

Key ratios 31/12/2021 31/12/2020  
NPE ratio 1.6% 1.9%  
NPE coverage ratio 62.5% 61.5%  
CET1 ratio 13.1% 13.6%  
Total capital ratio 17.6% 18.4%  

 
 

Key ratios 1-12/2021 1-12/2020 Q4/2021 Q3/2021
Net interest margin (average
interest-bearing assets) 2.01% 2.13% 2.22% 1.98%
Cost/income ratio 53.5% 55.8% 52.9% 52.5%
Provisioning ratio (average loans to
customers) 0.30% 0.67% 0.55% 0.20%
Consolidated return on equity 10.9% 6.4% 10.1% 14.3%
Earnings per share in EUR 3.89 2.22 0.90 1.28

 

Due to the planned sale of the Bulgarian subsidiary bank and its
participation there has been a change in the statements according to IFRS
5. This business operation is classified as a disposal group held for sale
and reported separately in the statement of financial position. The prior
year figures have not been adapted. The income statement of the Bulgarian
subsidiary bank and its participation is reported under gains/losses from
discontinued operations. The prior year 2020 figures have been adapted
accordingly in the income statement, as were the key ratios.

The data contained in this release is based on unaudited figures.

Outlook:

2022 Guidance
In 2022, net interest income is expected to increase by high single digit
per cent and net fee and commission income by mid-single per cent. We
expect loan growth in the range of 7 to 9%.
We expect general administrative expenses to grow in the high single digit
percentage area plus an additional approx. EUR 100 million integration
cost for acquisitions in the Czech Republic (Equa bank) and Serbia (Crédit
Agricole Srbija). The cost/income ratio is expected to be around 55%
excluding the one-off integration costs.
The provisioning ratio for 2022 is expected to be around 40 basis points.
Consolidated return on equity is expected to be above our 11% medium-term
target, reflecting the gain on the sale of the subsidiary bank in
Bulgaria.
We expect a CET1 ratio of around 13% by year end 2022.

Potential geopolitical risks, especially in Eastern Europe, are not
included in this guidance.

Mid-term targets
We are committed to a cost/income ratio of around 55% and aim to improve
further in the medium term.
We target 11% consolidated return on equity in the medium term.
We confirm our CET1 ratio target of around 13%.
Based on the CET1 ratio target, we intend to distribute between 20 and 50%
of consolidated profit.

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

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02.02.2022 This Corporate News was distributed 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: 1275560

 
End of News EQS News Service

1275560  02.02.2022 

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