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Raiffeisen Bank International AG
Earnings Release • Jul 25, 2017
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Earnings Release
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Ad-hoc | 25 July 2017 12:11
Raiffeisen Bank International AG: RBI expects a consolidated profit of around EUR 585 million for the first half of the year
Raiffeisen Bank International AG / Key word(s): Preliminary Results
25-Jul-2017 / 12:11 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
RBI expects a consolidated profit of around EUR 585 million for the first half of the year
Vienna, 25 July 2017. Raiffeisen Bank International AG (RBI) expects a consolidated profit of around EUR 365 million for the second quarter of 2017 and of around EUR 585 for the first half of 2017. The pro forma figures for the combined bank for the corresponding comparable periods in 2016 amounted to EUR 125 million and EUR 236 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 approximately EUR 75 million in the first half of 2017 (following EUR 403 million in the first half of 2016). Following net provisioning for impairment losses of EUR 80 million in the first quarter in 2017, there were net releases of around EUR 5 million in the second quarter of 2017.
The figures for the first half of 2017 will undergo a review by RBI’s auditor, which has not yet been concluded. The full Semi-Annual Financial Report 2017 will be published on 10 August 2017. The outlook will be adjusted due to the current risk cost developments.
For more information, please contact:
Susanne E. Langer
Head of Group Investor Relations
Spokesperson
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
phone +43-1-71 707-2089
www.rbinternational.com
25-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at 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: | Foreign Exchange(s) Luxemburg, SIX, Wien (Amtlicher Handel / Official Market) |
| End of Announcement | DGAP News Service |