EQS-News: Raiffeisen Bank International AG / Key word(s): Preliminary
Results
Preliminary Results 2024 - Consolidated profit stable at EUR 975 million
for the core Group
04.02.2025 / 07:29 CET/CEST
The issuer is solely responsible for the content of this announcement.
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• Consolidated profit 2024 of EUR 975 million for the core Group
(excluding Russia and Belarus), including EUR 649 million provisions
for CHF and EUR mortgage loans in Poland
• Net interest income for the core Group stable at EUR 4,155 million
while net fee and commission income improves 5% to EUR 1,845 million
• Provisioning ratio for the core Group at 27 bps
• CET1 ratio excluding Russia at 15.1% (Group CET1 ratio at 17.1%)
• EUR 840 million legal provision booked through AO Raiffeisenbank
Russia income statement relating to ongoing legal proceedings
• Sale of Belarusian Group units completed in Q4, leading to positive 4
basis points impact on Group CET1 ratio (excluding Russia) and a
negative EUR 824 million deconsolidation effect through income
statement
• Dividend proposal of EUR 1.10 per share
• Outlook for 2025 (excluding Russia), including 6% to 7% loan growth
and stable CET1 ratio
Group consolidated figures in tables below (including Russia and Belarus):
Income Statement in EUR million 1-12/2024 1-12/2023 Q4/2024 Q3/2024
Net interest income 5,779 5,596 1,511 1,430
Net fee and commission income 2,638 2,906 668 650
Net trading income and fair value
result 111 161 36 32
General administrative expenses (3,786) (3,837) (948) (952)
Operating result 4,915 4,991 1,258 1,229
Other result (1,590) (905) (1,032) (164)
Governmental measures and compulsory
contributions (216) (282) (26) (30)
Impairment losses on financial assets (125) (391) (13) (51)
Profit/loss before tax 2,984 3,412 186 985
Profit/loss after tax from continuing
operations 2,031 2,454 (95) 771
Gains/losses from discontinued
operations (673) 124 (800) 46
Consolidated profit 1,157 2,386 (926) 758
Financial statement in EUR million 31/12/2024 31/12/2023
Loans to customers 99,551 99,434
Deposits from customers 117,717 119,353
Total assets 199,851 198,241
Total risk-weighted assets (RWA) 95,600 93,664
Bank-specific information 31/12/2024 31/12/2023
NPE Ratio 2.1% 1.9%
NPE Coverage Ratio 51.6% 51.7%
CET1 ratio 17.1% 17.3%
Total capital ratio 21.5% 21.5%
Key ratios 1-12/2024 1-12/2023 Q4/2024 Q3/2024
Net interest margin (Ø
interest-bearing assets) 2.98% 2.86% 3.13% 2.93%
Cost/Income Ratio 43.0% 43.0% 42.3% 43.3%
Provisioning ratio (Ø loans to
customers) 0.22% 0.33% 0.02% 0.29%
Consolidated return on equity 9.4% 14.8% — 17.7%
Earnings per share in EUR 3.19 6.93 -2.90 2.22
The data contained in this release is based on unaudited figures. The
Annual Financial Report 2024 will be published on 25 February 2025.
Outlook 2025
The following guidance refers to RBI excluding Russia.
Outlook 2025 RBI excl. RU
Net interest income in EUR around 4.15 bn
Net fee and commission income in EUR around 1.95 bn
Loans to customers (growth) 6 to 7%
General administrative expenses in EUR around 3.45 bn
Cost/income ratio around 52,5%
Provisioning ratio (excluding potential use of overlays) up to 50 bps
Consolidated return on equity around 10%
CET1 ratio around 15.2%*
*’P/B Zero’ Russia deconsolidation scenario
In the medium term, RBI aims to achieve a consolidated return on equity of
at least 13% excluding Russia and excluding provisions and legal cost for
foreign currency loans in Poland.
For further information please contact:
John P. Carlson, CFA
Head of 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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04.02.2025 CET/CEST This Corporate News was distributed by EQS Group.
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: 2080285
End of News EQS News Service
2080285 04.02.2025 CET/CEST
