EANS-News: Raiffeisen Bank International AG / RBI continues to focus on digitalization and profitable growth CNE

Mittwoch, 17. März 2021 07:29
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Annual Result

Vienna - 17 March 2021. Today, Raiffeisen Bank International AG (RBI) published
its FY 2020 Annual Report and updated its outlook. There were no material
changes to the key figures compared to the preliminary numbers published on 5
February 2021.

RBI generated consolidated profit of EUR 804 million, demonstrating the
resilience of the business in a challenging environment. Earnings were
nonetheless significantly lower year-on-year, reflecting the lockdowns, the
subsequent recession, rate cuts and CEE currency weakness. The bank's
digitalization strategy proved to be a strong advantage, especially during the
pandemic. This strategy will continue to be consistently executed and thereby
support future growth at attractive returns.

The complete 2020 Annual Report can also be found online at http://
ar2020.rbinternational.com [http://ar2020.rbinternational.com/].

Outlook

We expect modest loan growth in the first half of 2021, accelerating in the
second half of the year.

The provisioning ratio for FY 2021 is expected to be around 75 basis points, as
moratoria and government support programs expire.

We remain committed to a cost/income ratio of around 55 per cent - possibly as
soon as 2022 depending on the speed of the recovery.

We expect the consolidated return on equity to improve in 2021, and we target 11
per cent in the medium term.

We confirm our CET1 ratio target of around 13 per cent for the medium term.

Based on this target we intend to distribute between 20 and 50 per cent of
consolidated profit.

Monetary values in   2020      2019      Change    2018      2017      2016
EUR million
Income statement     1/1-31/12 1/1-31/12           1/1-31/12 1/1-31/12 1/1-31/12
Net interest income  3,241     3,412     (5.0)%    3,362     3,225     2,935
Net fee and          1,738     1,797     (3.3)%    1,791     1,719     1,497
commission income
General
administrative       (2,949)   (3,093)   (4.7)%    (3,048)   (3,011)   (2,848)
expenses
Operating result     2,246     2,382     (5.7)%    2,330     2,164     1,844
Impairment losses on (630)     (234)     169.1%    (166)     (312)     (754)
financial assets
Profit/loss before   1,233     1,767     (30.2)%   1,753     1,612     886
tax
Profit/loss after    910       1,365     (33.3)%   1,398     1,246     574
tax
Consolidated profit/ 804       1,227     (34.5)%   1,270     1,116     463
loss
Statement of         31/12     31/12               31/12     31/12     31/12
financial position
Loans to banks       11,952    9,435     26.7%     9,998     10,741    9,900
Loans to customers   90,671    91,204    (0.6)%    80,866    77,745    70,514
Deposits from banks  29,121    23,607    23.4%     23,980    22,378    12,816
Deposits from        102,112   96,214    6.1%      87,038    84,974    71,538
customers
Equity               14,288    13,765    3.8%      12,413    11,241    9,232
Total assets         165,959   152,200   9.0%      140,115   135,146   111,864
Key ratios           1/1-31/12 1/1-31/12           1/1-31/12 1/1-31/12 1/1-31/12
Return on equity     9.2%      14.2%     (5.0) PP  16.3%     16.2%     10.3%
before tax
Return on equity     6.8%      11.0%     (4.2) PP  12.7%     12.5%     6.7%
after tax
Consolidated return  6.4%      11.0%     (4.5) PP  12.6%     12.2%     5.8%
on equity
Cost/income ratio    56.8%     56.5%     0.3 PP    56.7%     58.2%     60.7%
Return on assets     0.77%     1.18%     (0.42) PP 1.33%     1.23%     0.79%
before tax
Net interest margin
(average interest-   2.15%     2.44%     (0.29) PP 2.50%     2.48%     2.78%
bearing assets)
Provisioning ratio
(average loans to    0.68%     0.26%     0.42 PP   0.21%     0.41%     1.05%
customers)
Bank-specific        31/12     31/12               31/12     31/12     31/12
information
NPE ratio            1.9%      2.1%      (0.2) PP  2.6%      4.0%      -
NPE coverage ratio   61.5%     61.0%     0.5 PP    58.3%     56.1%     -
Total risk-weighted  78,864    77,966    1.2%      72,672    71,902    60,061
assets (RWA)
Common equity tier 1 13.6%     13.9%     (0.3) PP  13.4%     12.7%     13.6%
ratio (fully loaded)
Tier 1 ratio (fully  15.7%     15.4%     0.3 PP    14.9%     13.6%     13.6%
loaded)
Total capital ratio  18.4%     17.9%     0.5 PP    18.2%     17.8%     18.9%
(fully loaded)
Stock data           1/1-31/12 1/1-31/12           1/1-31/12 1/1-31/12 1/1-31/12
Earnings per share   2.22      3.54      (37.4)%   3.68      3.34      1.58
in EUR
Closing price in EUR 16.68     22.39     (25.5)%   22.20     30.20     17.38
(31/12)
High (closing        22.92     24.31     (5.7)%    35.32     30.72     18.29
prices) in EUR
Low (closing prices) 11.25     18.69     (39.8)%   21.30     17.67     10.21
in EUR
Number of shares in  328.94    328.94    0.0%      328.94    328.94    292.98
million (31/12)
Market
capitalization in    5,487     7,365     (25.5)%   7,302     9,934     5,092
EUR million (31/12)
Dividend per share   0.48      -         -         0.93      0.62      -
in EUR
Resources            31/12     31/12               31/12     31/12     31/12
Employees as at
reporting date       45,414    46,873    (3.1)%    47,079    49,700    48,556
(full-time
equivalents)
Business outlets     1,857     2,040     (9.0)%    2,159     2,409     2,506
Customers in million 17.2      16.7      2.5%      16.1      16.5      14.1


Further inquiry note:
For further information please contact:

John P. Carlson, CFA
Group Investor Relations
Raiffeisen Bank International AG
Telephone +43 1 71 707 2089
Am Stadtpark 9
1030 Vienna, Austria 
ir@rbinternational.com
www.rbinternational.com

end of announcement                         euro adhoc
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issuer:       Raiffeisen Bank International AG
              Am Stadtpark  9
              A-1030 Wien
phone:        +43 1 71707-2089
FAX:          +43 1 71707-2138
mail:         ir@rbinternational.com
WWW:          www.rbinternational.com 
ISIN:         AT0000606306
indexes:      ATX
stockmarkets: Luxembourg Stock Exchange, Wien
language:     English

EAX0001    2021-03-17/07:29

Relevante Links: Raiffeisen Bank International AG
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