EQS-Adhoc: Raiffeisen Bank International AG: Preliminary Results 2022 – Consolidated profit of EUR 3.6 billion in 2022, driven by significant increase in core revenues – Guidance 2023
EQS-Adhoc: Raiffeisen Bank International AG: Preliminary Results 2022 – Consolidated profit of EUR 3.6 billion in 2022, driven by significant increase in core revenues – Guidance 2023
EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): Preliminary
Results
Raiffeisen Bank International AG: Preliminary Results 2022 – Consolidated
profit of EUR 3.6 billion in 2022, driven by significant increase in core
revenues – Guidance 2023
31-Jan-2023 / 19:58 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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• Excluding Russia and Belarus, net interest income of EUR 3,399
million, up 37% year-over-year due to higher interest rates and
volumes
• Net fee and commission income excluding Russia and Belarus of EUR
1,739 million, up 16% year-over-year
• Net trading income and fair value result, excluding Russia and
Belarus, up EUR 179 million year-over-year, due to increased FX market
making activities and credit spreads of own issues
• Customer loan growth of 6% (excl. Russia and Belarus) with double
digit growth in key CE and SEE markets
• EUR 982 million consolidated profit (up 35% year-over-year), excluding
Russia and Belarus as well as gain on sale of the Bulgarian units (EUR
453 million)
• Risk costs of EUR 949 million, of which EUR 490 million booked in
Russia and Belarus, and build-up of risk overlays (provisioning ratio
of 0.73%); NPE ratio unchanged from previous year at 1.6%
• CET1 ratio at 16.0% (transitional, incl. result), driven by strong
consolidated profit and RWA optimization; 14.0% excluding Russia
• From the current perspective earnings from Russia and Belarus cannot
be distributed
• The board will recommend a dividend of up to EUR 0.80 per share from
the net profit for financial year 2022 although the timing of the
decision is uncertain and unlikely to be made at the upcoming AGM (30
March 2023). The date of the decision and a resolution in an EGM will
be chosen subject to capital ratios and ongoing strategic
considerations.
Income Statement in EUR million 1-12/2022 1-12/2021 Q4/2022 Q3/2022
Net interest income 5,053 3,327 1,462 1,392
Net fee and commission income 3,878 1,985 1,196 1,117
Net trading income and fair value 155
result 663 53 192
General administrative expenses (3,552) (2,978) (978) (925)
Operating result 6,158 2,592 1,882 1,775
Other result (667) (295) (442) (118)
Governmental measures and
compulsory contributions (337) (213) (52) (44)
Impairment losses on financial (160)
assets (949) (295) (228)
Profit/loss before tax 4,203 1,790 1,160 1,453
Profit/loss after tax from
continuing operations 3,344 1,422 890 1,156
Profit/loss from discontinuing
operations 453 86 0 0
Consolidated profit 3,627 1,372 826 1,089
Balance Sheet in EUR million 31/12/2022 31/12/2021
Loans to customers 103,230 100,832
Deposits from customers 125,099 115,153
Total assets 207,057 192,101
Total risk-weighted assets (RWA) 97,680 89,928
Bank-specific information 31/12/2022 31/12/2021
NPE ratio 1.6% 1.6%
NPE coverage ratio 59.0% 62.5%
CET1 ratio 16.0% 13.1%
Total capital ratio 20.2% 17.6%
Key ratios 1-12/2022 1-12/2021 Q4/2022 Q3/2022
Net interest margin (average
interest-bearing assets) 2.59% 2.01% 2.85% 2.71%
Cost/income ratio 36.6% 53.5% 34.2% 34.3%
Provisioning ratio (average loans
to customers) 0.73% 0.30% 0.90% 0.43%
Consolidated return on equity 26.8% 10.9% 24.1% 31.2%
Earnings per share in EUR 10.76 3.89 2.44 3.24
The data contained in this release is based on unaudited figures.
Guidance 2023
RBI RBI excl. RU/BY
Net interest income EUR 4.5-4.7
bn EUR 3.2-3.4 bn
Net fee and commission income around EUR 1.6
EUR 2.4-2.5 bn bn
Loans to customers (growth) 2%-4% 3%-5%
General administrative expenses EUR 3.6-3.7 bn EUR 2.9-3.0 bn
Cost/income ratio 48%-50% 55%-57%
Impairment losses on financial assets
(before use of overlays) up to 90 bps up to 75 bps
Consolidated return on equity around 10% around 7%
CET1 ratio at year-end 2023 above 15% above 13.5%*
* ‘P/B Zero’ Russia deconsolidation scenario
Any decision on dividends will be based on the capital position of the
Group excluding Russia.
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
ir@rbinternational.com
phone +43 1 71 707 2089
www.rbinternational.com
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31-Jan-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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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: 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: 1548189
End of Announcement EQS News Service
1548189 31-Jan-2023 CET/CEST
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