RBI Board to propose dividend of EUR 1.25 per share to the AGM on 4 April
January 31, 2024 at 01:32 am EST
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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
Raiffeisen Bank International AG is a banking group organized primarily around 3 areas:
- retail banking;
- corporate banking;
- market banking.
At the end of 2022, the group managed EUR 125.1 billion in current deposits and EUR 103.2 billion in current credits.
Products and services are marketed through a network of 1,664 branches in Europe.
Net interest income is distributed geographically as follows: Eastern Europe (40.1%), Central Europe (26.5%), Southeastern Europe (18.7%) and other (14.7%).