All Stories
Follow
Subscribe to Raiffeisen Bank International AG

Raiffeisen Bank International AG

EANS-Adhoc: Raiffeisen Bank International AG
Outlook updated
Consolidated profit of over one billion Euro

--------------------------------------------------------------------------------
  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------

Quarterly Report
03.11.2021

Vienna -

* Net interest income up 9% quarter-on-quarter driven by volume growth and
  higher key rates
* Net fee and commission income up 8% quarter-on-quarter to EUR 538 million
* Cost income ratio at 52.1% in Q3 while general administrative expenses (up 3%
  quarter-on-quarter) reflect first time consolidation of Equa bank and
  integration cost
* Year to date provisioning ratio at 0.21%
* Consolidated profit improved 76% year-on-year to EUR 1,055 million
* Loans to customers up 11% (excluding Equa bank 9%) year-to-date
* CET1 ratio at 13.2% (fully loaded), including year to date result and Equa
  bank impact
* Moody's rating upgrade to A2 from A3
* Extraordinary general meeting scheduled for 10 November to vote on proposed
  additional dividend of EUR 0.75 per share



Income
Statement in           1-9/2021        1-9/2020         Q3/2021          Q2/2021
EUR million
Net interest              2,445           2,476             875              804
income
Net fee and
commission                1,470           1,272             538              499
income
Net trading
income and fair              29              95             (3)               27
value result
General
administrative          (2,185)         (2,136)           (758)            (735)
expenses
Operating                 1,912           1,870             697              647
result
Other result              (121)           (210)            (47)             (37)
Governmental
measures and              (187)           (244)            (26)             (31)
compulsory
contributions
Impairment
losses on                 (152)           (497)            (42)             (31)
financial
assets
Profit before             1,452             920             582              549
tax
Profit after              1,155             679             481              430
tax
Consolidated              1,055             599             443              396
profit



Balance Sheet in EUR                    30/09/2021                 31/12/2020
million
Loans to customers                         100,659                     90,671
Deposits from customers                    114,651                    102,112
Total assets                               190,610                    165,959
Total risk-weighted                         88,862                     78,864
assets (RWA)



Key ratios                                30/09/2021                 31/12/2020
NPE ratio                                       1.6%                       1.9%
NPE coverage ratio                             62.2%                      61.5%
CET1 ratio (fully loaded,                      13.2%                      13.6%
incl. result)
Total capital ratio
(fully loaded, incl.                           17.7%                      18.4%
result)




Key ratios             1-9/2021        1-9/2020         Q3/2021          Q2/2021
Net interest
margin (average           1.96%           2.21%           1.99%            1.92%
interest-
bearing assets)
Cost/income               53.3%           53.3%           52.1%            53.2%
ratio
Provisioning
ratio (average            0.21%           0.72%           0.17%            0.11%
loans to
customers)
Consolidated
return on                 11.1%            6.4%           14.3%            12.7%
equity
Earnings per               3.00            1.66            1.28             1.13
share in EUR




Outlook

We now expect loan growth of around 11 per cent (excluding Equa bank) for 2021.

The provisioning ratio for 2022 is expected to be around 40 basis points.

We remain committed to a cost/income ratio of around 55 per cent.

We expect the consolidated return on equity to improve further in 2022, and we
target 11 per cent in the medium term.

We confirm our CET 1 ratio target of around 13 per cent for the medium term.

Based on this target we intend to distribute between 20 and 50 per cent of
consolidated profit





Further inquiry note:
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


end of announcement                         euro adhoc
--------------------------------------------------------------------------------
issuer:       Raiffeisen Bank International AG
              Am Stadtpark  9
              A-1030 Wien
phone:        +43 1 71707-2089
FAX:          +43 1 71707-2138
mail:          ir@rbinternational.com
WWW:       www.rbinternational.com
ISIN:         AT0000606306
indexes:      ATX
stockmarkets: Luxembourg Stock Exchange, Wien
language:     English

Original content of: Raiffeisen Bank International AG, transmitted by news aktuell

More stories: Raiffeisen Bank International AG
More stories: Raiffeisen Bank International AG