RBI in 2012 with a profit of 725 million euros best Austrian bank
Raiffeisen Bank International (RBI) set up last year consolidated profit of € 725 million, profit before tax reached € 1.032 billion. Capital indicators by Core Tier 1 ratio increased by 1.6 percentage points to 10.7 percent. Provisioning fell by five percent to one billion euros, total expenses increased by 4.6 percent.
Raiffeisen Bank International AG (RBI) today confirmed the original estimate of profit last year of € 725 million. "While this is a quarter less than the year before, but once again we became so profitable bank in Austria. We achieved this result in another challenging year, and despite the fact that we have significantly strengthened our capital, "CEO Herbert Stepic RBI. The bank's profit before tax fell by a quarter to 1.032 billion euros, profit after tax fell by 23 percent to 748 million euros. Earnings per share fell from 3.95 euros to 2.70 euros. The Board of Directors will propose from last year's profit to pay a dividend of 1.17 euros per share.
Total group revenue fell by six percent to 5.14 billion euros, while interest income decreased by 5 percent and fee income increased by 2 percent. Income from fees and RBI make up 30% of the total revenue of the group (for comparison: at Raiffeisenbank in the Czech Republic is fee income
22% of the bank's total revenue).
Provisioning fell by five percent to 1.009 billion euros. In the second half of the year, while there has been a resurgence of provisioning, such as Poland or corporate clients in Austria, the Slovak Republic and Romania. The share of non-performing loans stood at the end of 9.8 percent. Costs of the Group increased by less than five percent to 3.264 billion euros, the reason is mostly complete integration of the Polish Polbank.
Group headcount increased by 823 people at the end of the year, RBI employed 60,084 workers.The increase in headcount was mainly due to the acquisition of Polbank Poland, the largest declines occurred then in Ukraine, Russia, Romania and Hungary. Number of branches RBI has increased by 178 to 3106 outlets, RBI at the end of the year serving 14.2 million customers.
Total assets decreased by 7 percent to 136.1 billion euros. Overall loans grew by 2 percent, the volume of deposits was unchanged.
RBI does not change its medium-term target return on equity at 15 percent. In 2013, the RBI expects modest growth in loans. Given the uncertain economic development RBI expects that provisioning this year will be the same as in 2012. Costs groups by the same time to remain roughly the same level as last year.
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