04.05.2022 Raiffeisen Bank International AG  AT0000606306

EQS-Adhoc: Raiffeisen Bank International AG: Consolidated profit at EUR 442 million with prudent approach to risk costs


 

EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): Quarter Results
Raiffeisen Bank International AG: Consolidated profit at EUR 442 million with prudent approach to risk costs

04-May-2022 / 07:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


RBI: First Quarter Report 2022
Consolidated profit at EUR 442 million with prudent approach to risk costs
 
  • Net interest income up 1% quarter-on-quarter, benefiting from higher rates across the region
  • Net fee and commission income up 22% quarter-on-quarter, driven primarily by increased customer activity in FX business in Russia
  • Net trading income at EUR 184 million, mainly from hedging instruments and own credit spreads relating to certificates business
  • Year-to-date provisioning ratio increased significantly to 0.97%, largely driven by macro downgrades and special risk factors due to war in Ukraine
  • Loans grew 1% in the first quarter, new lending in Russia has largely been stopped
  • Consolidated profit improved 39% quarter-on-quarter to EUR 442 million
  • CET1 ratio at 12.3% (transitional, including year-to-date result), reflecting RWA increases from rating downgrades in Russia, Ukraine, and Belarus
  • Outlook has been updated to reflect lower loan growth and higher risk cost assumptions
 
Income Statement in EUR million Q1/2022 Q1/2021 Q4/2021
Net interest income 986 736 976
Net fee and commission income 683 420 561
Net trading income and fair value result 184 4 24
General administrative expenses (792) (672) (856)
Operating result 1,089 543 763
Other result (102) (38) (175)
Governmental measures and compulsory contributions (159) (123) (32)
Impairment losses on financial assets (319) (76) (150)
Profit/loss before tax 508 306 406
Profit/loss after tax from continuing operations 440 229 329
Profit/loss from discontinuing operations 18 14 24
Consolidated profit 442 216 317
 
Balance Sheet in EUR million 31/03/2022 31/12/2021  
Loans to customers 101,966 100,832  
Deposits from customers 113,652 115,153  
Total assets 192,624 192,101  
Total risk-weighted assets (RWA) 104,017 89,928  
 
 
 
Key ratios 31/03/2022 31/12/2021  
NPE ratio 1.6% 1.6%  
NPE coverage ratio 61.8% 62.5%  
CET1 ratio (incl. result) 12.3%* 13.1%  
Total capital ratio (incl. result) 15.9%* 17.6%  
  *transitional

*transtiona
Key ratios Q1/2022 Q1/2021 Q4/2021
Net interest margin (average interest-bearing assets) 2.21% 1.92% 2.22%
Cost/income ratio 42.1% 55.3% 52.9%
Provisioning ratio (average loans to customers) 0.97% 0.36% 0.55%
Consolidated return on equity 13.2% 6.5% 10.1%
Earnings per share in EUR 1.27 0.59 0.90

Due to the planned sale of the Bulgarian subsidiary bank and its participation there has been a change in the statements according to IFRS 5. This business operation is classified as a disposal group held for sale and reported separately in the statement of financial position. The prior year figures have not been adapted. The income statement of the Bulgarian subsidiary bank and its participation is reported under profit/loss from discontinued operations. The prior year 2021 figures have been adapted accordingly in the income statement, as were the key ratios.

Outlook
In 2022, net interest income is expected to increase by high single digit per cent and net fee and commission income by mid-single digit per cent.
We expect stable loan volumes in 2022, with mid-single digit growth in core CE and SEE markets.
We expect high single digit per cent OPEX growth plus an additional approximately EUR 100 million integration cost for acquisitions in Czech Republic (Equa bank) and Serbia (Crédit Agricole Srbija).
Cost/income ratio is expected around 55 %.
The provisioning ratio for 2022 is expected to be up to 100 basis points.
Consolidated return on equity is expected in the 8 to 10 per cent range.
In 2022, we expect the CET1 ratio to recover close to our 13 per cent target.

Medium term return on equity and payout ratio targets are suspended due to current uncertainties in Eastern Europe.


For further information please contact:

John P. Carlson, CFA
Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
[email protected]
phone +43-1-71 707-2089
www.rbinternational.com

 

04-May-2022 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: [email protected]
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: 1342783

 
End of Announcement EQS News Service

1342783  04-May-2022 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 4.647,00 5.098,27 5.297,56 5.475,35 5.195,05 5.570,00 0,00
EBITDA1,2 886,00 2.087,68 2.250,09 2.771,19 2.643,92 2.994,00 0,00
EBITDA-Marge3 19,07 40,95 42,47 50,61 50,89 53,75 0,00
EBIT1,4 886,00 2.087,38 2.249,80 2.382,28 2.246,42 2.592,00 0,00
EBIT-Marge5 19,07 40,94 42,47 43,51 43,24 46,54 0,00
Jahresüberschuss1 574,00 1.116,06 1.397,95 1.227,04 909,61 1.508,00 0,00
Netto-Marge6 12,35 21,89 26,39 22,41 17,51 27,07 0,00
Cashflow1,7 -1.142,11 -5.255,77 7.566,95 4.453,35 14.648,12 7.799,00 0,00
Ergebnis je Aktie8 1,58 3,34 3,68 3,54 2,22 3,89 0,85
Dividende8 0,00 0,62 0,93 0,00 0,48 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
Raiffeisen Bank International
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0D9SU 12,870 4.233,45
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,58 9,50 0,90 5,65
KBV KCV KUV EV/EBITDA
0,33 0,54 0,76 1,41
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,48 0,00 0,00 31.03.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
04.05.2022 02.08.2022 03.11.2022 03.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
13,58% -28,57% -49,96% -35,10%
    
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