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DGAP-News News vom 09.08.2018

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
[email protected]
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.

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