Raiffeisen Bank International AG

News Details

Corporate | 9 August 2018 07:32

Raiffeisen Bank International AG: Semi-Annual Financial Report 2018

DGAP-News: Raiffeisen Bank International AG / Key word(s): Half Year Results

09.08.2018 / 07:32

The issuer is solely responsible for the content of this announcement.

RBI: Semi-Annual Financial Report 2018

– Consolidated profit of EUR 756 mn (up 29% year-on-year), including EUR 121 mn expected loss from sale of Polish core banking operations

– Operating income up 5% year-on-year supported by net interest income

– Exceptionally high releases of loan loss provisions led to positive impairment losses on financial assets

– Disposal of Polish core banking operations on track, closing expected in Q4/2018

– NPL ratio decreased further to 4.8% (of which 76bps organic reduction and 15bps due to pending sale of Polish core banking operations)

– CET1 ratio at 12.8% (fully loaded) including YTD results

– Inaugural green bond issued in June 2018


Income Statement in EUR million	1-6/2018	1-6/2017	Q2/2018	Q1/2018
Net interest income	1,663	1,593	834	829
Net fee and commission income	869	843	460	410
Net trading income and fair value result	16	27	18	(1)
General administrative expenses	(1,494)	(1,503)	(754)	(740)
Other result	(94)	32	(121)	27
Levies and expenses from special governmental measures	(141)	(131)	(8)	(132)
Impairment losses on financial assets	83	(100)	0	83
Profit before tax	1,024	849	496	529
Profit after tax	820	656	389	430
Consolidated profit	756	587	357	399

Balance Sheet in EUR million	30/06/2018	31/12/2017
Loans and advances to customers	77,895	77,745
(Loans and advances to customers incl. Polish core banking operations)	82,085	77,745
Deposits from customers	79,908	84,974
Total assets	143,556	135,146
Risk-weighted assets (total)	74,346	71,902

Key ratios	30/06/2018	31/12/2017
NPL ratio	4.8%	5.7%
NPL coverage ratio	73.5%	67.0%
CET1 ratio (fully loaded)	12.8%	12.7%
CET1 ratio (transitional)	12.8%	12.9%

Key ratios	1-6/2018	1-6/2017	Q2/2018	Q1/2018
Net interest margin	2.48%	2.44%	2.48%	2.49%
Consolidated return on equity	15.5%	12.9%	14.6%	16.6%
Cost/income ratio	56.0%	58.9%	54.7%	57.3%
Earnings per share in EUR	2.21	1.79	1.04	1.17

Outlook

We will pursue loan growth with an average yearly percentage increase in the mid-single digit area.

Impairment losses on financial assets (risk costs) in 2018 are expected to be below the 2017 level.

We anticipate that the NPL ratio will further reduce in the medium term.

We aim to achieve a cost/income ratio of below 55 per cent in the medium term.

In the coming years we target a consolidated return on equity of approximately 11 per cent.

We target a CET1 ratio (fully loaded) of around 13 per cent post dividend in the medium term.

Based on this target, we intend to distribute between 20 and 50 per cent (dividend payout ratio) of the consolidated profit.

The sale of the core banking operations in Poland is not reflected in the targets in this outlook.

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

09.08.2018 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.

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)



End of News	DGAP News Service

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