EQS-Adhoc: Raiffeisen Bank International AG: RBI 1-9/2024: EUR 856 million consolidated profit excluding Russia and Belarus, FY 2024 ROE guidance revised down on higher Poland provisions

29.10.24 18:14 Uhr

Werte in diesem Artikel
Aktien

19,60 EUR 0,00 EUR 0,00%

EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): 9 Month figures
Raiffeisen Bank International AG: RBI 1-9/2024: EUR 856 million consolidated profit excluding Russia and Belarus, FY 2024 ROE guidance revised down on higher Poland provisions

29-Oct-2024 / 18:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


RBI 1-9/2024: EUR 856 million consolidated profit excluding Russia and Belarus, FY 2024 ROE guidance revised down on higher Poland provisions
 
  • Consolidated profit of EUR 856 million excluding Russia and Belarus, including EUR 493 million provisions for CHF and EUR mortgage loans in Poland
  • Core revenues excluding Russia and Belarus slightly down at EUR 1,481 million quarter-over-quarter, reflecting muted business activity in Q3
  • Provisioning ratio for the Group excluding Russia and Belarus stable at around 30 bps in Q3
  • CET1 ratio excluding Russia improves to 15.3% (Group CET1 ratio unchanged at 17.8%)
  • Russia: Significant de-risking accelerates – customer loans down almost 67% since peak in Q2/2022 and down 23% quarter-over-quarter, current account deposits down 26% quarter-over-quarter
  • ROE guidance for 2024 adjusted to 7.5%, excluding Russia and Belarus
 
Income Statement in EUR million 1-9/2024 1-9/2023 Q3/2024 Q2/2024
Net interest income 4,355 4,190 1,461 1,440
Net fee and commission income 2,077 2,364 686 722
Net trading income and fair value result 98 205 39 42
General administrative expenses (2,893) (2,874) (970) (986)
Operating result 3,821 4,030 1,286 1,271
Other result (571) (589) (164) (260)
Governmental measures and compulsory contributions (191) (259) (30) (21)
Impairment losses on financial assets (94) (251) (46) (23)
Profit/loss before tax 2,966 2,931 1,047 967
Profit/loss after tax from continuing operations 2,253 2,274 817 715
Consolidated profit 2,083 2,114 758 661
 
Financial statement  in EUR million 30/9/2024 31/12/2023
Loans to customers 100,105 99,434
Deposits from customers 120,300 119,353
Total assets 205,981 198,241
Total risk-weighted assets (RWA) 97,736 93,664
 
Bank-specific information 30/9/2024 31/12/2023
NPE Ratio 2.0%  1.9%
NPE Coverage Ratio 51.8% 51.7% 
CET1 ratio transitional (incl. profit) 17.8%  17.3% 
Total capital ratio transitional (incl. profit) 22.0%  21.5% 
 
Key ratios 1-9/2024 1-9/2023 Q3/2024 Q2/2024
Net interest margin (Ø interest-bearing assets) 2.96%  2.81%  2.97%  2.92% 
Cost/Income Ratio 42.7%  41.2%  42.6%  43.2% 
Provisioning ratio  (Ø loans to customers) 0.25%  0.25%  0.27%  0.27% 
Consolidated return on equity 15.9% 17.4%  17.7%  15.1%
Earnings per share in EUR 6.09 6.19 2.22 1.93
 
Outlook
The following guidance refers to RBI excluding Russia and Belarus. The 2024 guidance for RBI including Russia and Belarus has been suspended in light of the accelerated business reduction in Russia.
Outlook 2024 RBI excl. RU/BY
Net interest income in EUR around 4.1 bn
Net fee and commission income in EUR around 1.8 bn
Loans to customers (growth) 4 to 5%
General administrative expenses in EUR around 3.3 bn
Cost/income ratio around 52%
Provisioning ratio (before use of overlays) up to 35 bps
Consolidated return on equity around 7.5%
CET1 ratio around 14.7%*
*’P/B Zero’ Russia deconsolidation scenario  

For further information please contact:
John P. Carlson, CFA
Head of 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 Inside Information

29-Oct-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com


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: 2018473

 
End of Announcement EQS News Service

2018473  29-Oct-2024 CET/CEST

Ausgewählte Hebelprodukte auf Raiffeisen

Mit Knock-outs können spekulative Anleger überproportional an Kursbewegungen partizipieren. Wählen Sie einfach den gewünschten Hebel und wir zeigen Ihnen passende Open-End Produkte auf Raiffeisen

NameHebelKOEmittent
NameHebelKOEmittent
Wer­bung

Nachrichten zu Raiffeisen

Analysen zu Raiffeisen

DatumRatingAnalyst
29.11.2012Raiffeisen Bank International holdSociété Générale Group S.A. (SG)
29.11.2012Raiffeisen Bank International equal-weightMorgan Stanley
29.11.2012Raiffeisen Bank International underperformExane-BNP Paribas SA
07.09.2012Raiffeisen Bank International holdSociété Générale Group S.A. (SG)
06.09.2012Raiffeisen Bank International reduceNomura
DatumRatingAnalyst
30.08.2012Raiffeisen Bank International overweightJ.P. Morgan Cazenove
25.05.2012Raiffeisen Bank International kaufenErste Bank AG
20.04.2012Raiffeisen Bank International kaufenErste Bank AG
30.03.2012Raiffeisen Bank International kaufenErste Bank AG
02.03.2012Raiffeisen Bank International kaufenErste Bank AG
DatumRatingAnalyst
29.11.2012Raiffeisen Bank International holdSociété Générale Group S.A. (SG)
29.11.2012Raiffeisen Bank International equal-weightMorgan Stanley
07.09.2012Raiffeisen Bank International holdSociété Générale Group S.A. (SG)
30.08.2012Raiffeisen Bank International neutralUBS AG
28.08.2012Raiffeisen Bank International neutralGoldman Sachs Group Inc.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Raiffeisen nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"