EQS-News: RBI: Consolidated profit excluding Russia and Belarus remains strong

RBI: First Quarter Report 2024

Consolidated profit excluding Russia and Belarus remains strong 

• Consolidated profit of EUR 333 million, excluding Russia and Belarus and including EUR 109 million provisions for CHF mortgages in Poland

• Core revenues excluding Russia and Belarus down 4% quarter-over-quarter to EUR 1,519 million, mainly driven by lower interest rates and seasonal effects

• Lower provisioning for impairment losses: EUR 3 million for the Group excluding Russia and Belarus

• CET1 ratio excluding Russia unchanged at 14.6% (Group CET1 ratio at 17.3%)

• Customer loans in Russia down 58% since peak in Q2/2022 to EUR 5.8 billion as part of de-risking approach to Russia

• The 2024 guidance for the Group including Russia and Belarus has been suspended in light of the ECB’s requirement to accelerate business reduction in Russia 

Outlook

The following guidance refers to RBI excluding Russia and Belarus. The 2024 guidance for the Group including Russia and Belarus has been suspended in light of the ECB’s requirements to accelerate business reduction in Russia (see ad-hoc release from 18 April 2024).

For further information please contact:

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