EQS-News: Raiffeisen Bank International AG: Semi-Annual Financial Report 2023: Core revenues remain strong – Outlook updated
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.
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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%
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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01.08.2023 CET/CEST 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: 1692501
End of News EQS News Service
1692501 01.08.2023 CET/CEST
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