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EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): Quarter Results
RBI: First Quarter Report 2022
Consolidated profit at EUR 442 million with prudent approach to risk costs
*transtiona
Due to the planned sale of the Bulgarian subsidiary bank and its participation there has been a change in the statements according to IFRS 5. This business operation is classified as a disposal group held for sale and reported separately in the statement of financial position. The prior year figures have not been adapted. The income statement of the Bulgarian subsidiary bank and its participation is reported under profit/loss from discontinued operations. The prior year 2021 figures have been adapted accordingly in the income statement, as were the key ratios. Outlook In 2022, net interest income is expected to increase by high single digit per cent and net fee and commission income by mid-single digit per cent. We expect stable loan volumes in 2022, with mid-single digit growth in core CE and SEE markets. We expect high single digit per cent OPEX growth plus an additional approximately EUR 100 million integration cost for acquisitions in Czech Republic (Equa bank) and Serbia (Crédit Agricole Srbija). Cost/income ratio is expected around 55 %. The provisioning ratio for 2022 is expected to be up to 100 basis points. Consolidated return on equity is expected in the 8 to 10 per cent range. In 2022, we expect the CET1 ratio to recover close to our 13 per cent target. 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
04-May-2022 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: | 1342783 |
| End of Announcement | EQS News Service |
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1342783 04-May-2022 CET/CEST
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