EANS-News: Semi-Annual Financial Report 2020 Raiffeisen Bank International AG / Core revenues stable; EUR 368 million consolidated profit negatively impacted by COVID-19 CNE

Tuesday, 11. August 2020 07:30
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Mid Year Results

Vienna -

* Core revenues stable year-on-year, with net interest income up 2% and net fee
  and commission income unchanged (lower quarter-on-quarter due to lockdown)
* Customer loans grew by 3% year-to-date despite substantial depreciation of
  local currencies
* Provisioning ratio of 0.67% in the first half of the year; increase primarily
  driven by COVID-19 effects
* Consolidated profit of EUR 368 million, negatively impacted by higher risk
  costs and impairments on companies valued at equity (other result)
* Net interest margin declined by 22 bps quarter-on-quarter to 2.21%
* NPE ratio and NPE coverage ratio improved slightly to 1.9% and 63.3%,
  respectively
* CET1 ratio of 13.2% (including result)

Income
Statement in           1-6/2020        1-6/2019         Q2/2020          Q1/2020
EUR million
Net interest              1,706           1,664             825              881
income
Net fee and
commission                  840             839             392              448
income
Net trading
income and fair              62            (79)              25               37
value result
General
administrative          (1,474)         (1,497)           (719)            (755)
expenses
Other result              (173)            (33)            (91)             (82)
Levies and
special                   (166)           (130)            (38)            (128)
governmental
measures
Impairment
losses on                 (312)            (12)           (158)            (153)
financial
assets
Profit before               566             834             279              286
tax
Profit after                420             643             213              207
tax
Consolidated                368             571             192              177
profit


Balance Sheet in EUR                      30/6/2020                 31/12/2019
million
Loans to customers                          93,876                      91,204
Deposits from customers                     98,686                      96,214
Total assets                               163,761                     152,200
Total risk-weighted                         80,490                      77,966
assets (RWA)


Key ratios                               30/6/2020                   31/12/2019
NPE ratio                                     1.9%                         2.1%
NPE coverage ratio                           63.3%                        61.0%
CET1 ratio (including                        13.2%                        13.9%
result)
Total capital ratio                          17.5%                        17.9%
(including result)


Key ratios             1-6/2020        1-6/2019         Q2/2020          Q1/2020
Net interest
margin (average           2.31%           2.42%           2.21%            2.43%
interest
bearing assets)
Cost/income               54.8%           59.7%           55.9%            53.8%
ratio
Provisioning
ratio (average            0.67%           0.02%           0.69%            0.66%
loans to
customers)
Consolidated
return on                  5.9%           10.1%            6.2%             5.6%
equity
Earnings per               1.03            1.64            0.54             0.49
share in EUR


Outlook

The Outlook remains unchanged.

Further inquiry note:
John P. Carlson
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

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: Wien, Luxembourg Stock Exchange
language:     English

EAX0001    2020-08-11/07:30

Related Links: Raiffeisen Bank International AG
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