EANS-News: Raiffeisen Bank International AG / H1 2021 consolidated profit jumps 66% CNE

Freitag, 30. Juli 2021 06:57
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Mid Year Financial Report

Wien - RBI: H1 2021 consolidated profit jumps 66%

* Net interest income up 5% quarter-on-quarter
* Net fee and commission income grew significantly 15% quarter-on-quarter to EUR
  499 million
* H1 2021 general administrative expenses down 2% year-on-year
* H1 2021 provisioning ratio at 0.23% due to releases and low inflows of stage 3
  loans
* H1 2021 consolidated profit improved 66% year-on-year to EUR 612 million,
  supported by
  lower risk costs
* Loans to customers up 4% year-to-date
* CET1 ratio at 13.3% (fully loaded, incl. result)

Income
Statement in           1-6/2021        1-6/2020         Q2/2021          Q1/2021
EUR million
Net interest              1,571           1,706             804              767
income
Net fee and
commission                  932             840             499              434
income
Net trading
income and fair              32              62              27                5
value result
General
administrative          (1,427)         (1,451)           (735)            (692)
expenses
Operating                 1,214           1,269             647              567
result
Other result               (74)           (172)            (37)             (38)
Governmental
measures and              (161)           (220)            (31)            (130)
compulsory
contributions
Impairment
losses on                 (110)           (312)            (31)             (79)
financial
assets
Profit before               870             566             549              321
tax
Profit after                674             420             430              243
tax
Consolidated                612             368             396              216
profit


Balance Sheet in EUR                    30/06/2021                 31/12/2020
million
Loans to customers                          94,052                     90,671
Deposits from customers                    108,808                    102,112
Total assets                               181,700                    165,959
Total risk-weighted                         84,899                     78,864
assets (RWA)


Key ratios                                30/06/2021                 31/12/2020
NPE ratio                                       1.7%                       1.9%
NPE coverage ratio                             60.3%                      61.5%
CET1 ratio (fully loaded,                      13.3%                      13.6%
incl. result)
Total capital ratio
(fully loaded, incl.                           18.1%                      18.4%
result)


Key ratios             1-6/2021        1-6/2020         Q2/2021          Q1/2021
Net interest
margin (average           1.93%           2.31%           1.92%            1.94%
interest-
bearing assets)
Cost/income               54.0%           53.3%           53.2%            55.0%
ratio
Provisioning
ratio (average            0.23%           0.67%           0.11%            0.35%
loans to
customers)
Consolidated
return on                  9.6%            5.9%           12.7%             6.5%
equity
Earnings per               1.72            1.03            1.13             0.59
share in EUR


Outlook

New lending accelerated in the second quarter and we now expect mid- to high
single digit percentage loan growth for 2021 (excluding Equa bank).

Barring renewed lockdowns, the provisioning ratio for 2021 is expected to be
around 50 basis points.

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.

Further inquiry note:
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

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    2021-07-30/06:57

Related Links: Raiffeisen Bank International AG
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