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EQS-News: Raiffeisen Bank International AG / Key word(s): Quarter Results
RBI: Consolidated profit excluding Russia and Belarus remains strong
2024-05-02 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
RBI: First Quarter Report 2024
Consolidated profit excluding Russia and Belarus remains strong

. Consolidated profit of EUR 333 million, excluding Russia and Belarus and including EUR 109 million
provisions for CHF mortgages in Poland
. Core revenues excluding Russia and Belarus down 4% quarter-over-quarter to EUR 1,519 million, mainly
driven by lower interest rates and seasonal effects
. Lower provisioning for impairment losses: EUR 3 million for the Group excluding Russia and Belarus

. CET1 ratio excluding Russia unchanged at 14.6% (Group CET1 ratio at 17.3%)
. Customer loans in Russia down 58% since peak in Q2/2022 to EUR 5.8 billion as part of de-risking approach
to Russia
. The 2024 guidance for the Group including Russia and Belarus has been suspended in light of the ECB's
requirement to accelerate business reduction in Russia

Income Statement in EUR million                    Q1/2024 Q1/2023 Q4/2023 
Net interest income                                  1,455   1,385   1,494 
Net fee and commission income                          669     966     677 
Net trading income and fair value result                17      86    (19) 
General administrative expenses                      (938)   (950) (1,034) 
Operating result                                     1,263   1,509   1,128 
Other result                                         (147)    (96)   (317) 
Governmental measures and compulsory contributions   (140)   (236)    (24) 
Impairment losses on financial assets                 (25)   (301)   (142) 
Profit/loss before tax                                 952     877     645 
Profit/loss after tax                                  721     700     304 
Consolidated profit                                    664     657     272 
Balance Sheet in EUR million      31/3/2024 31/12/2023 
Loans to customers                  100,434     99,434 
Deposits from customers             120,938    119,353 
Total assets                        203,398    198,241 
Total risk-weighted assets (RWA)     95,601     93,664 
Bank-specific information                        31/3/2024 31/12/2023 
NPE Ratio                                            1.9%       1.9% 
NPE Coverage Ratio                                  50.1%      51.7% 
CET1 ratio transitional (incl. profit)              17.3%      17.3% 
Total capital ratio transitional (incl. profit)     21.6%      21.5% 
Key ratios                                       Q1/2024 Q1/2023 Q4/2023 
Net interest margin (Ø interest-bearing assets)   2.98%   2.75%   3.06% 
Cost/Income Ratio                                 42.2%   38.2%   47.4% 
Provisioning ratio  (Ø loans to customers)        0.22%   0.93%   0.61% 
Consolidated return on equity                     15.0%   15.8%    6.6% 
Earnings per share in EUR                           1.94    1.92    0.75 

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Outlook

The following guidance refers to RBI excluding Russia and Belarus. The 2024 guidance for the Group including Russia and Belarus has been suspended in light of the ECB's requirements to accelerate business reduction in Russia (see ad-hoc release from 18 April 2024).

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Outlook 2024                                                   RBI excl. RU/BY 
Net interest income in EUR                                       around 4.0 bn 
Net fee and commission income in EUR                             around 1.8 bn 
Loans to customers (growth)                                            3 to 4% 
General administrative expenses in EUR                           around 3.3 bn 
Cost/income ratio                                                   around 52% 
Impairment losses on financial assets (before use of overlays)   around 50 bps 
Consolidated return on equity                                       around 10% 
CET1 ratio                                                       around 14.6%* 

*'P/B Zero' Russia deconsolidation scenario
===
For further information please contact:

John P. Carlson, CFA

Group Investor Relations

Raiffeisen Bank International AG

Am Stadtpark 9

1030 Vienna, Austria

ir@rbinternational.com

phone +43-1-71 707-2089

www.rbinternational.com

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2024-05-02 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com

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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:       ir@rbinternational.com 
Internet:     www.rbinternational.com 
ISIN:         AT0000606306 
WKN:          A0D9SU 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, 

Tradegate Exchange; Luxembourg Stock Exchange, SIX, Vienna Stock Exchange (Official Market)
EQS News ID: 1893763

End of News EQS News Service
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1893763 2024-05-02 CET/CEST

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May 02, 2024 01:31 ET (05:31 GMT)