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Raiffeisen Bank International AG
Earnings Release • Nov 14, 2018
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Earnings Release
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Corporate | 14 November 2018 07:31
Raiffeisen Bank International AG: Third Quarter Report 2018
DGAP-News: Raiffeisen Bank International AG / Key word(s): Quarter Results
14.11.2018 / 07:31
The issuer is solely responsible for the content of this announcement.
RBI: Third Quarter Report 2018
– Consolidated profit of EUR 1,173 mn (up 29% year-on-year), including EUR 121 mn loss from sale of Polish core banking operations booked in Q2/2018
– Operating income up 5% year-on-year supported by net interest income
– Very positive development of risk costs driven by high releases of loan loss provisions
– Loans to customers up 3% YTD despite sale of Polish core banking operations (IFRS 5 reclassification)
– 85bps CET1 ratio uplift to be recognized in Q4/2018, following disposal of Polish core banking operations
– NPL ratio decreased further to 4.4% (of which 109bps organic reduction YTD and 16bps due to sale of Polish core banking operations)
– CET1 ratio at 12.8% (fully loaded) including YTD results
| Income Statement in EUR million | 1-9/2018 | 1-9/2017 | Q3/2018 | |
| Net interest income | 2,519 | 2,407 | 856 | |
| Net fee and commission income | 1,325 | 1,271 | 455 | |
| Net trading income and fair value result | 20 | 27 | 4 | |
| General administrative expenses | (2,228) | (2,213) | (734) | |
| Other result | (87) | 31 | 7 | |
| Levies and expenses from special governmental measures | (157) | (147) | (16) | |
| Impairment losses on financial assets | 56 | (191) | (28) | |
| Profit before tax | 1,587 | 1,301 | 563 | |
| Profit after tax | 1,271 | 1,012 | 452 | |
| Consolidated profit | 1,173 | 910 | 417 | |
| Balance Sheet in EUR million | 30/09/2018 | 31/12/2017 | ||
| Loans to customers | 80,056 | 77,745 | ||
| Loans to customers excl. Polish core banking operations | 80,056 | 73,436 (pro forma) | ||
| Deposits from customers | 82,356 | 84,974 | ||
| Total assets | 146,177 | 135,146 | ||
| Risk-weighted assets (total) | 76,227 | 71,902 |
| Key ratios | 30/09/2018 | 31/12/2017 | ||
| NPL ratio | 4.4% | 5.7% | ||
| NPL coverage ratio | 75.0% | 67.0% | ||
| CET1 ratio (fully loaded) | 12.3% | 12.7% | ||
| CET1 ratio (transitional) | 12.3% | 12.9% | ||
| CET1 ratio (fully loaded, incl. result) | 12.8% | 12.7% | ||
| CET1 ratio (transitional, incl. result) | 12.8% | 12.9% | ||
| Key ratios | 1-9/2018 | 1-9/2017 | Q3/2018 | Q2/2018 |
| Net interest margin | 2.49% | 2.45% | 2.51% | 2.48% |
| Consolidated return on equity | 14.4% | 13.3% | 15.6% | 14.6% |
| Cost/income ratio | 55.7% | 57.9% | 55.0% | 54.7% |
| Earnings per share in EUR | 3.43 | 2.74 | 1.22 | 1.04 |
The outlook remains unchanged.
For further 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
14.11.2018 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) |
| End of News | DGAP News Service |