DJ DGAP-Adhoc: Raiffeisen Bank International AG: Full Year Results 2012
Raiffeisen Bank International AG / Key word(s): Final Results 10.04.2013 07:31 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. =-------------------------------------------------------------------------- - Net interest income of EUR 3,472 mn (down 5.3% y-o-y) - Net provisioning for impairment losses fell to EUR 1,009 mn (down 5.1% y-o-y) - General administrative expenses increased to EUR 3,264 mn (up 4.6% y-o-y) due to consolidation and integration of Polbank - Profit before tax declined to EUR 1,032 mn (down 24.9% y-o-y) - Consolidated profit decreased to EUR 725 mn (down 25.0% y-o-y) - NPL ratio increased to 9.8% (up 1.2PP compared to FY 2011) - Coverage ratio declined to 67.0% (down 1.4PP compared to FY 2011) - Core Tier 1 ratio (total risk) significantly increased to 10.7% (up 1.6PP compared to FY 2011) Income Statement in EUR mn 1-12/12 1-12/11 10-12/12 10-12/11 Net interest income 3,472 3,667 876 943 Net provisioning for impairment losses (1,009) (1,064) (385) (282) Net interest income after provisioning 2,463 2,604 491 661 Net fee and commission income 1,516 1,490 396 365 Net trading income 215 363 (6) 70 General administrative expenses (3,264) (3,120) (928) (834) Income from derivatives and liabilities (127) 413 (20) 264 Net income from financial investments 318 (141) 19 5 Profit before tax 1,032 1,373 (84) 342 Profit after tax 748 974 (141) 214 Consolidated profit 725 968 (117) 222 Balance Sheet in EUR mn 31/12/12 31/12/11 Equity 10,873 10,936 Total assets 136,116 146,985 Bank Specific Information 31/12/12 31/12/11 Core tier 1 ratio (total risk) 10.7% 9.0% Tier 1 ratio (credit risk) 13.6% 12.2% Tier 1 ratio (total risk) 11.2% 9.9% Own funds ratio 15.6% 13.5% Performance 1-12/12 1-12/11 Return on equity before tax 9.7% 13.7% Consolidated return on equity 7.4% 10.8% Cost/income ratio 63.5% 57.0% Earnings per share in EUR 2.70 3.95 Resources 31/12/12 31/12/11 Employees 60,084 59,261 Business outlets 3,106 2,928 The outlook was adapted to the changed environment: - In the context of the expected overall economic developments, particularly in CEE, we are aiming for a return on equity before tax of around 15 per cent in the medium term. This is excluding any capital increases, as well as unexpected regulatory requirements from today's perspective. - In 2013, we plan to slightly increase loans and advances to customers. Given the outlook for interest rates, we aim to maintain the net interest margin at the level of the previous year. From the customer standpoint, we plan to retain our Corporate Customers division as the backbone of our business and in the medium term to expand the proportion of business volume accounted for by our Retail Customers division. - In light of the economic prospects, the situation remains tense in several of our markets. In 2013, we therefore expect a similar net provisioning requirement as in the previous year. - In 2013, we will once again pay increased attention to cost development. We expect a flat or slightly increasing cost base, particularly due to the first-time full year consolidation of Polbank. - Against the backdrop of a permanently changing regulatory environment and further strengthening of our balance sheet structure we are continuously evaluating the level and structure of our regulatory capital to be able to act promptly and flexibly. Depending on market developments, a capital increase also continues to be a possible option. Für weitere Informationen wenden Sie sich bitte an: Susanne Langer Leiterin Investor Relations Raiffeisen Bank International AG Am Stadtpark 9 1030 Wien, Österreich ir@rbinternational.com Telefon +43-1-71707-2089 http://www.rbinternational.com 10.04.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- 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; Frankfurt in Open Market ; Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service =--------------------------------------------------------------------------
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April 10, 2013 01:31 ET (05:31 GMT)