PRESS RELEASE

from Raiffeisen International Bank-Holding AG (isin : AT0000606306)

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
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The issuer is solely responsible for the content of this announcement.


  • 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 result 663 53 192155 
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 assets (949) (295) (228) (160) 
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
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) 97,68089,928  

 

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 

 RBIRBI excl. RU/BY
Net interest incomeEUR 4.5-4.7 bn       EUR 3.2-3.4 bn
Net fee and commission incomeEUR 2.4-2.5 bnaround EUR 1.6 bn
Loans to customers (growth)2%-4%3%-5%
General administrative expensesEUR 3.6-3.7 bnEUR 2.9-3.0 bn
Cost/income ratio48%-50%55%-57%
Impairment losses on financial assets (before use of overlays)up to 90 bpsup to 75 bps
Consolidated return on equityaround 10%around 7%
CET1 ratio at year-end 2023above 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 


31-Jan-2023 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: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 AnnouncementEQS News Service

1548189  31-Jan-2023 CET/CEST

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