par Raiffeisen International Bank-Holding AG (isin : AT0000606306)
RBI Board to propose dividend of EUR 1.25 per share to the AGM on 4 April
EQS-News: Raiffeisen Bank International AG / Key word(s): Preliminary Results/Annual Results
RBI Board to propose dividend of EUR 1.25 per share to the AGM on 4 April
31.01.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Preliminary Results 2023
RBI Board to propose dividend of EUR 1.25 per share to the AGM on 4 April
- Consolidated profit of EUR 997 million, excluding Russia and Belarus and including EUR 873 million provisionsfor CHF mortgages in Poland
- Core revenues excluding Russia and Belarus up 17% year-over-year to EUR 6,006 million, driven by net interest income
- Lower provisioning for impairment losses year-over-year: EUR 296 million for the Group excluding Russia and Belarus
- CET1 ratio excluding Russia improves to 14.6% (Group CET1 ratio at 17.3%)
- Customer loans in Russia down EUR 3 billion in 2023 as part of de-risking approach to Russia
- RBI Board to propose dividend of EUR 1.25 per share to the AGM on 4 April 2024
Group consolidated figures in tables below (including Russia and Belarus):
| Income Statement in EUR million | 1-12/2023 | 1-12/2022 | Q4/2023 | Q3/2023 |
| Net interest income | 5,683 | 5,053 | 1,494 | 1,441 |
| Net fee and commission income | 3,042 | 3,878 | 677 | 667 |
| Net trading income and fair value result | 186 | 663 | (19) | 89 |
| General administrative expenses | (3,908) | (3,552) | (1,034) | (878) |
| Operating result | 5,158 | 6,158 | 1,128 | 1,369 |
| Other result | (906) | (667) | (317) | (138) |
| Governmental measures and compulsory contributions | (284) | (337) | (24) | (22) |
| Impairment losses on financial assets | (393) | (949) | (142) | 8 |
| Profit/loss before tax | 3,576 | 4,203 | 645 | 1,216 |
| Profit/loss after tax from continuing operations | 2,578 | 3,344 | 304 | 947 |
| Profit/loss from discontinued operations | 0 | 453 | 0 | 0 |
| Consolidated profit | 2,386 | 3,627 | 272 | 879 |
| Balance Sheet in EUR million | 31/12/2023 | 31/12/2022 |
| Loans to customers | 99,434 | 103,230 |
| Deposits from customers | 119,353 | 125,099 |
| Total assets | 198,241 | 207,057 |
| Total risk-weighted assets (RWA) | 93,664 | 97,680 |
| Bank-specific information | 31/12/2023 | 31/12/2022 |
| NPE Ratio | 1.9% | 1.6% |
| NPE Coverage Ratio | 51.7% | 59.0% |
| CET1 ratio | 17.3% | 16.0% |
| Total capital ratio | 21.5% | 20.2% |
| Key ratios | 1-12/2023 | 1-12/2022 | Q4/2023 | Q3/2023 |
| Net interest margin (Ø interest-bearing assets) | 2.87% | 2.59% | 3.06% | 2.95% |
| Cost/Income Ratio | 43.1% | 36.6% | 47.8% | 39.1% |
| Provisioning ratio (Ø loans to customers) | 0.34% | 0.73% | 0.61% | 0.00% |
| Consolidated return on equity | 14.8% | 26.8% | 6.6% | 22.7% |
| Earnings per share in EUR | 6.93 | 10.76 | 0.75 | 2.59 |
The data contained in this release is based on unaudited figures. The Annual Financial Report 2023 will be published on 22 February 2024.
Outlook
| Outlook 2024 | RBI excl. RU/BY | RBI |
| Net interest income in EUR | around 4.0 bn | around 5.1 bn |
| Net fee and commission income in EUR | around 1.8 bn | around 2.7 bn |
| Loans to customers (growth) | around 6% | around 5% |
| General administrative expenses in EUR | around 3.3 bn | around 4.0 bn |
| Cost/income ratio | around 52% | around 47% |
| Impairment losses on financial assets (before use of overlays) | around 50 bps | around 60 bps |
| Consolidated return on equity | around 11% | around 12% |
| CET1 ratio at year-end 2024 | around 14.6%* | around 17.8% |
| *'P/B Zero’ Russia deconsolidation scenario, before benefit from STRABAG dividend-in-kind |
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
31.01.2024 CET/CEST This Corporate News was distributed 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: | 1826521 |
| End of News | EQS News Service |
1826521 31.01.2024 CET/CEST