Vladimír Urbánek (Kurzy.cz)
Markets  |  November 28, 2012 10:54:12

RBI to September recorded a gross profit of over 1 mld.EUR


·          Profit before tax increased by 8%   to 1.115 billion euros

·          Ratios Core Tier 1 ratio strengthened to 10.2%, Tier 1 ratio to 10.7%

·          Revenues fell by 5% to € 3.885 billion

·          Provisioning has fallen by 20% to € 623 million

·          Costs of the Group increased by 2% to € 2.336 billion

Raiffeisen Bank International AG (RBI) recorded in the first three quarters of consolidated profit of 842 million euros, representing an increase of 13 percent. Profit before tax increased
by 8 percent to 1.115 billion euros and profit after tax by 17 percent to 889 million euros. Earnings per share thus increased from 3.06 euro to 3.55 euro.

"With regards to the weak economic growth in Europe, the steps leading to the strengthening of our capital
and low interest rate environment is a pleasant result. This result contributes to cost control and strong representation of the group in the whole region of Central and Eastern Europe, where the weaker development in some markets, a good balanced growth abroad, "commented CEO Herbert Stepic RBI.

The Bank's profit have the most interest income, which form 67% of total revenue, down they fell by 5% to € 2.596 billion. Income from fees then fell to 1.12 billion euros. The highest increase in earnings occurred this year in Russia and the countries of South Eastern Europe, especially Romania.Conversely income countries of Central Europe declined, the reason is mainly developments in Hungary.

Provisioning increased slightly decreased by € 158 million to € 623 million. The largest declines occurred, while in Hungary, but even so there's provisioning still at a high level. The share of non-performing loans increased to 10.0 percent for the increase is primarily the acquisition Polbank. Total costs of the Group increased only slightly, despite the integration Polbank.

Total assets remained almost unchanged at € 147.1 billion. The ratio of loans and deposits improved by four percentage points to 118 percent.

Core Tier 1 capital was 10.2 percent, RBI, after offsetting this gain is even
10.9 percent.

RBI to the end of September 3115 serving clients in branch offices, which represents an increase from the beginning of the year
by 6.4 percent. The increase is primarily the acquisition Polbank again. At the end of September, the Group employed 61,645 workers, which is the beginning of an increase of 1,639 people, again primarily due to the acquisition Pobank. At the end of September, RBI had 14.1 million clients.

In the very third quarter consolidated profit of € 141 million, a decrease compared to the second quarter by 11 percent. This year, the RBI expects a stable development of business results, which will continue to be influenced by the economic environment and stricter capital requirements.In the rest of the year can be due to adverse economic developments in some markets expect a slight increase in non-performing loans, particularly in Hungary, provisioning should remain rather stable. Medium-term target return on equity RBI holds 15 percent.

Tomas Kofron
Raiffeisenbank as

Basic information about Raiffeisenbank as

Raiffeisenbank as (RBCZ) has, since 1993 in the Czech Republic, a wide range of banking services to private and corporate clients. Raiffeisenbank serves clients in more than 120 branches
and client center, also provides specialized mortgage center, personal,   corporate and business advisors.

Raiffeisenbank last year  profit increased by 22% to 2.22 billion crowns. Total assets exceeds 200 billion, Raiffeisenbank, according to this indicator, the fifth largest bank in the Czech market.

Quality of offered services is confirmed by a number of domestic and international awards. In the competition "Fincentrum Bank of the Year 2011" awarded eKonto fourth time in a row won the title for the best account, the bank traditionally scored in the Most Dynamic Bank of the Year poll. Raiffeisenbank also won the title for the best bank in the Czech Republic from PwC.In the Golden Crown Bank in 2011 won 1st place in the categories of direct banking and business accounts and all bank categories are purely the products placed in the top three.

Bank's majority shareholder is the Austrian financial institution Raiffeisen Bank International AG (RBI), which was established in October 2010 merger of Raiffeisen International and RZB. RBI   provides services to corporate and investor clients in Austria and serves clients in many countries of Central and Eastern Europe. Since 2005, the group's shares listed on the Vienna Stock Exchange. The majority owner of Raiffeisen Bank International with RZB is 78.5 percent, the remainder will be freely traded.

Raiffeisen Group regularly receives from the prestigious magazine Euromoney, Global Finance and The Banker Awards for "Best Bank in Central and Eastern Europe" network banks also getting prized for the best banks in the countries of the region.

 

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