Capital/Financing Update • Feb 9, 2015
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Raiffeisen Bank International AG / Keyword(s): Miscellaneous/Weiteres
Schlagwort
Raiffeisen Bank International AG: New 12 per cent CET1 target
Ad hoc announcement transmitted by DGAP – a service of EQS Group AG. The
issuer is solely responsible for the content of this announcement.
Vienna, 9 February, 2015. Raiffeisen Bank International AG (RBI) has
resolved to take a number of steps to increase capital buffers. The
measures are intended to facilitate an improvement in the CET1 ratio (fully
loaded) to 12 per cent by end-2017, compared to 10 per cent at end-2014.
The planned steps will affect a number of operations across the RBI Group,
in particular those areas which generate low returns, have high capital
consumption or are of limited strategic fit.
The measures to be implemented include sale of the operations in Poland and
Slovenia, as well as the direct banking unit Zuno. Exposure to the Russian
market is to be reduced, with a risk-weighted asset (RWA) reduction of
approximately 20 per cent planned by end-2017 (RWA as at 31.12.2014: EUR
8.4 billion). A reduction in exposure is also foreseen in Ukraine, where
risk-weighted assets will be decreased by approximately 30 per cent by
end-2017 (RWA as at 31.12.2014: EUR 3.0 billion). In Hungary further
optimization of the operation will be undertaken. As part of the drive to
increase Group focus on the CEE region, operations are to be significantly
scaled back or exited in Asia by end-2017 and in the US by end-2016.
The decisions were taken today subject to approval by the Supervisory
Board. The implementation of these measures will result in an aggregate
gross risk-weighted asset reduction in the selected markets of
approximately EUR 16 billion by end-2017 (RWA as at 31.12.2014: EUR 68.7
billion). The total gross reduction from end-Q3 2014 to end-2017 will
amount to approximately EUR 26 billion.
The reduction is expected to be partially offset by growth in other
business areas.
For more information, please contact:
Susanne E. Langer
Head of Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
[email protected]
phone +43-1-71 707-2089
www.rbinternational.com
09.02.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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: [email protected]
Internet: www.rbinternational.com
ISIN: AT0000606306
WKN: A0D9SU
Listed: Wien (Amtlicher Handel / Official Market)
End of Announcement DGAP News-Service
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