Earnings Release • Jul 25, 2017
Earnings Release
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DGAP-Ad-hoc:Raiffeisen Bank InternationalAG/ Keyword(s): PreliminaryResults
25-Jul-2017 / 12:11 CET/CEST
Disclosure of an inside information acc. toArticle 17 MAR, transmitted byDGAP- a service of EQSGroupAG. The issuer is solelyresponsible for the content of this announcement.
Vienna, 25 July2017.Raiffeisen Bank InternationalAG(RBI) expects a consolidated profit of around EUR365 million for the second quarter of 2017 and of around EUR585 for the first half of 2017. The pro forma figures for the combined bank for the corresponding comparable periods in 2016 amounted to EUR125 million and EUR236 million, respectively. The positive development is mainly attributable to releases of provisions for impairment losses (higher than expected recoveries and gains on NPL sales).Net provisioning for impairment losses amounted to approximatelyEUR75 million in the first half of 2017 (following EUR403 million in the first half of 2016). Following net provisioning for impairment losses of EUR80 million in the first quarter in 2017, there were net releases of around EUR5 million in the second quarter of 2017.
The figures for the first half of 2017 will undergo a reviewbyRBI's auditor,which has not yet been concluded. The full Semi-Annual Financial Report 2017 will be published on 10August 2017. The outlookwill be adjusted due to the current risk cost developments.
For more information, please contact:
Susanne E. Langer Head ofGroup Investor Relations Spokesperson Raiffeisen Bank InternationalAG Am Stadtpark 9 1030 Vienna,Austria [email protected] phone +43-1-71 707-2089 www.rbinternational.com
25-Jul-2017 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.
| Language: Company: |
English Raiffeisen Bank InternationalAG 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) Luxemburg, SIX, Wien (Amtlicher Handel /Official Market) |
End ofAnnouncement DGAPNews Service
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