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Raiffeisen Bank International AG
Quarterly Report • May 15, 2019
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Quarterly Report
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Corporate | 15 May 2019 07:28
Raiffeisen Bank International AG: First Quarter Report 2019
DGAP-News: Raiffeisen Bank International AG / Key word(s): Quarterly / Interim Statement
15.05.2019 / 07:28
The issuer is solely responsible for the content of this announcement.
RBI: First Quarter Report 2019
– Consolidated profit of EUR 226 million, primarily impacted by EUR 92 million change in risk costs after net releases in Q1 last year, negative hedge valuations and Polish sale
– Net interest income stable year-on-year at EUR 825 million. Excluding Poland, net interest income improved by approximately 8% year-on-year
– Loans to customers up 6% YTD
– Net interest margin down 10bps quarter-on-quarter to 2.43%, due to tightening in Russia and a higher proportion of short-term lower margin business at head office
– Risk costs still very low at EUR 9 million (4bps provisioning ratio) but fewer write-backs and recoveries than last year
– NPE ratio improved to 2.5%
– CET1 ratio improved to 13.6% (fully loaded) including YTD results
| Income Statement in EUR million |
Q1/2019 | Q1/2018 | Q4/2018 |
| Net interest income | 825 | 829 | 843 |
| Net fee and commission income | 402 | 410 | 467 |
| Net trading income and fair value result | (52) | (1) | (3) |
| General administrative expenses | (724) | (740) | (819) |
| Other result | (2) | 27 | (74) |
| Levies and special governmental measures | (114) | (132) | (13) |
| Impairment losses on financial assets | (9) | 83 | (222) |
| Profit before tax | 340 | 529 | 166 |
| Profit after tax | 259 | 430 | 127 |
| Consolidated profit | 226 | 399 | 97 |
| Balance Sheet in EUR million |
31/03/2019 | 31/12/2018 | |
| Loans to customers | 85,528 | 80,866 | |
| Deposits from customers | 88,741 | 87,038 | |
| Total assets | 146,413 | 140,115 | |
| Risk-weighted assets (total) | 74,218 | 72,672 |
| Key ratios | 31/03/2019 | 31/12/2018 | |
| NPE ratio | 2.5% | 2.6% | |
| NPE coverage ratio | 58.4% | 58.3% | |
| CET1 ratio (fully loaded) | 13.4% | 13.4% | |
| Total capital ratio (fully loaded) | 18.0% | 18.2% |
| Key ratios | Q1/2019 | Q1/2018 | Q4/2018 |
| Net interest margin (average interest-bearing assets) | 2.43% | 2.49% | 2.52% |
| Cost/income ratio | 60.9% | 57.3% | 63.3% |
| Consolidated return on equity | 7.9% | 16.6% | 3.5% |
| Earnings per share in EUR | 0.64 | 1.17 | 0.25 |
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
15.05.2019 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.
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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: | 811403 |
| End of News | DGAP News Service |