14.03.2018
Raiffeisen Bank International AG AT0000606306
DGAP-News: Raiffeisen Bank International AG: Full year results 2017
DGAP-News: Raiffeisen Bank International AG / Key word(s): Final Results
Raiffeisen Bank International AG: Full year results 2017
14.03.2018 / 07:34
The issuer is solely responsible for the content of this announcement.
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RBI: Full year results 2017
- Consolidated profit of EUR 1,116 million more than doubled compared to
last year (2016 pro forma: EUR 520 million)
- Common equity tier 1 (CET1) ratio (fully loaded) of 12.7% (2016 pro forma:
12.4%); IFRS 9 estimated impact around 15 bps on 1 January 2018
- Exceptionally low risk costs driven by positive market environment
- NPL ratio actively managed down to 5.7% (2016 pro forma: 8.7%) through NPL
sales and write-offs
- Increase of customer loans of around 2% despite NPL sales and NPL
write-offs
- Net interest margin stable at 2.48%
- Proposed dividend of EUR 0.62 per share
Income Statement 1-12/20- 1-12/2016 pro 1-12/2016 Q4/20-
in EUR million 17 forma due to published before 17
merger merger
Net interest 3,208 3,197 2,935 816
income
Net provisioning (287) (758) (754) (127)
for impairment
losses
Net fee and 1,719 1,599 1,497 448
commission
income
Net trading 244 220 215 62
income
General (3,104) (3,141) (2,848) (813)
administrative
expenses
Other results (224) (267) (204) (88)
Profit before 1,612 946 886 311
tax
Profit after tax 1,246 636 574 234
Consolidated 1,116 520 463 206
profit
Balance Sheet in 31/12/2- 31/12/2016 pro 31/12/2016
EUR million 017 forma due to published before
merger merger
Loans and 81,232 79,769 70,514
advances to
customers
Deposits from 84,831 80,325 71,538
customers
Total assets 135,146 134,804 111,864
Risk-weighted 71,902 67,911 60,061
assets (total)
Key ratios 31/12/2- 31/12/2016 pro 31/12/2016
017 forma due to published before
merger merger
NPL ratio 5.7% 8.7% 9.2%
NPL coverage 67.0% 75.2% 75.6%
ratio
CET1 ratio 12.7% 12.4% 13.6%
(fully loaded)
CET1 ratio 12.9% 12.7% 13.9%
(transitional)
Total capital 17.8% 17.1% 18.9%
ratio (fully
loaded)
Total capital 17.9% 17.4% 19.2%
ratio
(transitional)
Key ratios 1-12/- 1-12/2016 pro forma 1-12/2016 published Q4/2-
2017 due to merger before merger 017
Net interest 2.48% 2.48% 2.78% 2.50-
margin %
Consolidated 12.2% 6.2% 5.8% 8.9%
return on equity
Cost/income ratio 59.4% 61.5% 60.7% 60.7-
%
Earnings per 3.34 1.58 1.58 0.60
share in EUR
Dividend per 0.62 - - n.a.
share in EUR
As of January 2017, RZB contributed business is fully included. Current RBI
figures refer to the Combined Bank; unless specified otherwise, the
historical pro forma data is based on the Combined Bank (consideration of
the merger).
Outlook
We will pursue loan growth with an average yearly percentage increase in the
mid-single digit area.
Following very low risk costs in 2017 (EUR 287 million), we expect
impairment losses on financial assets in 2018 to be above 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.
We target a consolidated return on equity of approximately 11 per cent in
the medium term.
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 targets in this outlook include the impact from IFRS 9 and FINREP.
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
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14.03.2018 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
Internet: www.rbinternational.com
ISIN: AT0000606306
WKN: A0D9SU
Listed: Foreign Exchange(s) Luxemburg, SIX, Wien (Amtlicher Handel
/ Official Market)
End of News DGAP News Service
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