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Raiffeisen Bank International AG
Earnings Release • Nov 14, 2019
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Earnings Release
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News Details
Corporate | 14 November 2019 07:29
Raiffeisen Bank International AG: Core revenues up 8%, ongoing strong loan growth
DGAP-News: Raiffeisen Bank International AG / Key word(s): 9 Month figures
14.11.2019 / 07:29
The issuer is solely responsible for the content of this announcement.
**RBI: Third Quarter Report 2019
Core revenues up 8%, ongoing strong loan growth**
– Positive development of core revenues (NII and net fee and commission income up 8% y-o-y, adjusted for revenues from Polish core banking operations sold in 2018)
– Loans to customers up 14% YTD mainly at head office, in Russia and Central Europe
– Consolidated profit of EUR 874 million
– Net trading income impacted by fair value result on hedges and on liabilities which neutralize over lifetime of portfolios
– Net interest margin improved 5 bps q-o-q to 2.46%
– Risk costs remain low (0.13% provisioning ratio)
– NPE ratio further improved to 2.3%
– CET1 ratio increased to 13.7% including YTD results
| Income Statement in EUR million |
1-9/2019 | 1-9/2018 | Q3/2019 | Q2/2019 |
| Net interest income | 2,531 | 2,519 | 866 | 840 |
| Net fee and commission income | 1,307 | 1,325 | 468 | 437 |
| Net trading income and fair value result | (87) | 20 | (8) | (27) |
| General administrative expenses | (2,245) | (2,228) | (748) | (773) |
| Other result | 1 | (87) | (7) | 10 |
| Levies and special governmental measures | (141) | (157) | (11) | (17) |
| Impairment losses on financial assets | (80) | 56 | (68) | (2) |
| Profit before tax | 1,299 | 1,587 | 465 | 494 |
| Profit after tax | 985 | 1,271 | 341 | 384 |
| Consolidated profit | 874 | 1,173 | 303 | 345 |
| Balance Sheet in EUR million | 30/09/2019 | 31/12/2018 |
| Loans to customers | 92,574 | 80,866 |
| Deposits from customers | 90,701 | 87,038 |
| Total assets | 150,805 | 140,115 |
| Risk-weighted assets (total) | 77,816 | 72,672 |
| Key ratios | 30/09/2019 | 31/12/2018 | |
| NPE ratio | 2.3% | 2.6% | |
| NPE coverage ratio | 60.2% | 58.3% | |
| CET1 ratio (incl. YTD result) | 13.7% | 13.4% | |
| Total capital ratio (fully loaded) | 17.4% | 18.2% |
| Key ratios | 1-9/2019 | 1-9/2018 | Q3/2019 | Q2/2019 |
| Net interest margin (average interest-bearing assets) | 2.43% | 2.49% | 2.46% | 2.40% |
| Cost/income ratio | 59.6% | 55.7% | 57.6% | 60.6% |
| Provisioning ratio (average loans to customers) | 0.13% | (0.10%) | 0.32% | 0.01% |
| Consolidated return on equity | 10.4% | 14.4% | 10.9% | 12.3% |
| Earnings per share in EUR | 2.52 | 3.43 | 0.87 | 1.00 |
Outlook
The outlook remains unchanged.
For further information please contact:
John P. Carlson
Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
phone +43-1-71 707-2089
www.rbinternational.com
14.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: | [email protected] |
| Internet: | www.rbinternational.com |
| ISIN: | AT0000606306 |
| WKN: | A0D9SU |
| Listed: | Foreign Exchange(s) Luxembourg Stock Exchange, SIX, Vienna Stock Exchange (Official Market) |
| EQS News ID: | 912661 |
| End of News | DGAP News Service |