Raiffeisen Bank International: Third Quarter Report 2017
- Consolidated profit YTD of EUR 910 mn (Q3/2017: EUR 322 mn)
- CET1 ratio at 12.5% (fully loaded)
- Tier 1 ratio at 13.4% (fully loaded) following AT1 issuance
- NPL ratio down to 6.7%, driven by low NPL inflows, NPL sales and write-offs
- Favorable risk cost development reflecting positive market environment
- Stable net interest margin, despite interest rate cuts primarily in Eastern Europe
- Positive trend in operating result supported by FX movements
- Profit contribution from Eastern and Central Europe increased further
Income Statement
in EUR mn |
1-9/2017 |
1-9/2016
pro forma |
Q3/2017 |
Q2/2017 |
Net interest income |
2,391 |
2,340 |
803 |
792 |
Net provisioning for impairment losses |
(160) |
(501) |
(84) |
4 |
Net interest income after provisioning |
2,231 |
1,839 |
720 |
795 |
Net fee and commission income |
1,271 |
1,180 |
429 |
433 |
Net trading income |
183 |
140 |
50 |
69 |
General administrative expenses |
(2,291) |
(2,294) |
(718) |
(758) |
Other results |
(136) |
(162) |
(37) |
(26) |
Profit/loss before tax |
1,301 |
781 |
452 |
519 |
Profit/loss after tax |
1,012 |
524 |
356 |
401 |
Consolidated profit/loss |
910 |
433 |
322 |
367 |
|
|
|
|
|
Balance Sheet
in EUR mn |
30/09/17 |
30/06/17 |
31/12/16
pro forma |
|
Equity |
11,055 |
10,234 |
9,752 |
|
Total assets |
139,963 |
138,603 |
134,804 |
|
NPL ratio |
6.7% |
7.3% |
8.7% |
|
NPL coverage ratio |
69.4% |
70.5% |
75.2% |
|
Risk-weighted assets (total RWA) |
69,670 |
69,021 |
67,911 |
|
|
|
|
|
|
Ratios |
30/09/17 |
30/06/17 |
31/12/16
pro forma |
|
Common equity tier 1 ratio (fully loaded) |
12.5% |
12.8% |
12.4% |
|
Common equity tier 1 ratio (fully loaded, incl. Q3/2017 results) |
13.0% |
n/a |
n/a |
|
Common equity tier 1 ratio (transitional) |
12.7% |
12.9% |
12.7% |
|
Total capital ratio (fully loaded) |
17.9% |
17.4% |
17.1% |
|
Total capital ratio (transitional) |
18.0% |
17.5% |
17.4% |
|
Ratios |
1-9/2017 |
1-9/2016
pro forma |
Q3/2017 |
Q2/2017 |
Net interest margin |
2.46% |
2.41% |
2.47% |
2.43% |
Return on equity before tax |
17.5% |
11.7% |
21.0% |
21.3% |
Consolidated return on equity |
13.3% |
6.9% |
14.0% |
16.2% |
Cost/income ratio |
58.9% |
61.4% |
55.6% |
58.4% |
Earnings per share in EUR |
2.74 |
1.32 |
0.95 |
1.12 |
|
|
|
|
|
Resources |
30/09/17 |
30/06/17 |
31/12/16
pro forma |
|
Employees (full-time equivalents) |
49,445 |
49,688 |
50,203 |
|
Business outlets |
2,410 |
2,425 |
2,522 |
|
As of January 2017, RZB contributed business is fully included. Current RBI figures refer to the Combined Bank; unless specified otherwise, the historical pro forma data is based on the Combined Bank (consideration of the merger).
The outlook remains unchanged.
For further information please contact:
Susanne E. Langer
Head of Group Investor Relations
Spokesperson
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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