RBI: Third Quarter Report 2018
- Consolidated profit of EUR 1,173 mn (up 29% year-on-year), including EUR 121 mn loss from sale of Polish core banking operations booked in Q2/2018
- Operating income up 5% year-on-year supported by net interest income
- Very positive development of risk costs driven by high releases of loan loss provisions
- Loans to customers up 3% YTD despite sale of Polish core banking operations (IFRS 5 reclassification)
- 85bps CET1 ratio uplift to be recognized in Q4/2018, following disposal of Polish core banking operations
- NPL ratio decreased further to 4.4% (of which 109bps organic reduction YTD and 16bps due to sale of Polish core banking operations)
- CET1 ratio at 12.8% (fully loaded) including YTD results
Income Statement in EUR million |
1-9/2018 |
1-9/2017 |
Q3/2018 |
Q2/2018 |
Net interest income |
2,519 |
2,407 |
856 |
834 |
Net fee and commission income |
1,325 |
1,271 |
455 |
460 |
Net trading income and fair value result |
20 |
27 |
4 |
18 |
General administrative expenses |
(2,228) |
(2,213) |
(734) |
(754) |
Other result |
(87) |
31 |
7 |
(121) |
Levies and expenses from special governmental measures |
(157) |
(147) |
(16) |
(8) |
Impairment losses on financial assets |
56 |
(191) |
(28) |
0 |
Profit before tax |
1,587 |
1,301 |
563 |
496 |
Profit after tax |
1,271 |
1,012 |
452 |
389 |
Consolidated profit |
1,173 |
910 |
417 |
357 |
|
|
|
|
|
Balance Sheet in EUR million |
30/09/2018 |
31/12/2017 |
|
|
Loans to customers |
80,056 |
77,745 |
|
|
Loans to customers excl. Polish core banking operations |
80,056 |
73,436 (pro forma) |
|
Deposits from customers |
82,356 |
84,974 |
|
|
Total assets |
146,177 |
135,146 |
|
|
Risk-weighted assets (total) |
76,227 |
71,902 |
|
|
|
|
|
|
|
Key ratios |
30/09/2018 |
31/12/2017 |
|
|
NPL ratio |
4.4% |
5.7% |
|
|
NPL coverage ratio |
75.0% |
67.0% |
|
|
CET1 ratio (fully loaded) |
12.3% |
12.7% |
|
|
CET1 ratio (transitional) |
12.3% |
12.9% |
|
|
CET1 ratio (fully loaded, incl. result) |
12.8% |
12.7% |
|
|
CET1 ratio (transitional, incl. result) |
12.8% |
12.9% |
|
|
|
|
|
|
|
Key ratios |
1-9/2018 |
1-9/2017 |
Q3/2018 |
Q2/2018 |
Net interest margin |
2.49% |
2.45% |
2.51% |
2.48% |
Consolidated return on equity |
14.4% |
13.3% |
15.6% |
14.6% |
Cost/income ratio |
55.7% |
57.9% |
55.0% |
54.7% |
Earnings per share in EUR |
3.43 |
2.74 |
1.22 |
1.04 |
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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