Raiffeisen Bank International AG / Key word(s): Quarter Results
24.11.2011 07:32
Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Net interest income remained stable at EUR 2,724 mn (up 0.6% y-o-y)
- Net trading income increased to EUR 293 mn (up 13.5% y-o-y)
- Operating income improved to EUR 4,099 mn (up 1.2% y-o-y)
- General admin. expenses increased to EUR 2,287 mn (up 6.2% y-o-y)
- Net provisioning for impairment losses dropped to EUR 782 mn (down 14.4%
y-o-y)
- Profit before tax up to EUR 1,032 mn (up 3.5% y-o-y)
- Tax expenses influenced by loss in Hungary, partly not recognized as
deferred tax assets
- Profit attributable to non-controlling interest heavily impacted by loss
in Hungary
- Consolidated profit decreased to EUR 745 mn (down 4.8% y-o-y)
- ROE before tax decreased to 13.6% (down 0.5PP y-o-y)
- NPL ratio improved to 8.4% (down 0.6PP compared to FY 2010)
- Coverage ratio improved to 70.5% (up 4.2PP compared to FY 2010)
Income Statement in EUR mn 1-9/2011 1-9/2010 7-9/2011 7-9/2010
Net interest income 2,724 2,707 943 927
Net provisioning for
impairment losses (782) (913) (377) (306)
Net interest income after
provisioning 1,942 1,794 566 621
Net fee and commission income 1,125 1,088 388 373
Net trading income 293 258 37 66
General administrative expenses (2,287) (2,153) (772) (728)
Profit before tax 1,032 997 153 418
Profit after tax 760 853 82 337
Consolidated profit 745 783 130 311
Balance Sheet in EUR mn 30/9/11 31/12/10
Equity 10,348 10,404
Total assets 148,368 131,173
Bank Specific Information 30/9/11 31/12/10
Core tier 1 ratio (total risk) 7.9% 8.9%
Tier 1 ratio (credit risk) 10.9% 12.2%
Tier 1 ratio (total risk) 8.7% 9.7%
Own funds ratio 12.1% 13.3%
Performance 1-9/2011 1-9/2010
Return on equity (ROE) before tax 13.6% 14.1%
Consolidated return on equity 11.0% 12.4%
Cost/income ratio 55.8% 53.2%
Earnings per share in EUR 3.06 3.25
Resources 30/9/11 31/12/10
Number of staff 60,247 59,782
Business outlets 2,933 2,961
Against the background of the changing environment especially the following
targets were adjusted:
- Medium-term return on equity before tax of around 15 per cent
- Slight increase in the net provisioning ratio but no significant rise in
non-performing loan volume expected
- Goodwill will be tested as part of annual medium-term planning. An
impairment of goodwill on the bank investment in Ukraine (current goodwill:
EUR 215 million) cannot be ruled out - also in consideration of the
developments in the economic scenario - at the current time. The result of
medium-term planning could also have an impact on the valuation of deferred
tax assets (tax loss carry-forwards recognized). Neither of these potential
outcomes would affect our regulatory capital ratios.
Susanne Langer
Head of Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9, A-1030 Vienna
ir@rbinternational.com
phone +43-1-71707-2089
http://www.rbinternational.com
24.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of Announcement DGAP News-Service
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DGAP-Adhoc: Raiffeisen Bank International AG: Third Quarter Report 2011
| Source: EQS Group AG