DGAP-Adhoc: Raiffeisen Bank International AG: Full Year Results 2013

 DGAP-Adhoc: Raiffeisen Bank International AG: Full Year Results 2013  Raiffeisen Bank International AG  / Key word(s): Final Results  27.03.2014 07:30  Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.  ---------------------------------------------------------------------------  - Net interest income of EUR 3,729 mn (up 7.4% y-o-y) - General administrative expenses increased to EUR 3,340 mn (up 2.5% y-o-y) primarily due to Polbank integration, salary inflation in Russia and software impairment in Czech Republic - Net provisioning for impairment losses increased to EUR 1,149 mn (up 13.9% y-o-y) - Net income from financial investments of EUR 58 mn (down EUR 261 mn primarily due to gain on sale of security portfolio of EUR 163 mn in 2012) - Net income from derivatives and liabilities of minus EUR 257 mn (down EUR 129 mn mainly affected by EUR 113 mn one-off gain from hybrid tier 1 buyback in 2012) - Profit before tax declined to EUR 835 mn (down 19.5% y-o-y) mainly due to substantial one-offs in 2012 - Consolidated profit decreased to EUR 557 mn (down 23.6% y-o-y) - NPL ratio increased to 10.7% (up 0.9PP compared to FY 2012) - NPL coverage ratio decreased to 63.1% (down 3.9PP compared to FY 2012) - Core tier 1 ratio stable at 10.7% compared to FY 2012 - Common equity tier 1 ratio (fully phased-in) of 10.1% pro forma for capital increase - Leverage ratio of 5.7% comfortably surpasses the 3% envisaged regulatory ratio   Income Statement in EUR mn    2013       2012       Q4/2013    Q4/2012     Net interest income           3,729      3,472      953        876         Net provisioning for  impairment losses             (1,149)    (1,009)    (350)      (385)       Net interest income after  provisioning                  2,580      2,463      603        491         Net fee and commission  income                        1,626      1,516      424        396         Net trading income            321        215        81         (6)         General administrative  expenses                      (3,340)    (3,258)    (910)      (922)       Net income from derivatives  and liabilities               (257)      (127)      (14)       (20)        Net income from financial  investments                   58         318        (15)       19          Profit before tax             835        1,037      138        (78)        Profit after tax              603        752        142        (137)       Consolidated profit           557        730        146        (113)        Balance Sheet in EUR mn       31/12/13   31/12/12                          Equity                        10,364     10,873                            Total assets                  130,640    136,116                           NPL ratio                     10.7%      9.8%                              NPL coverage ratio            63.1%      67.0%                              Bank Specific Information     31/12/13   31/12/12                          Core tier 1 ratio             10.7%      10.7%                             Tier 1 ratio                  11.2%      11.2%                              Performance                   2013       2012                              Net interest margin           3.11%      2.66%                             Return on equity before tax   7.8%       9.7%                              Consolidated return on  equity                        5.5%       7.4%                              Cost/income ratio             58.3%      61.5%                             Earnings per share in EUR     1.83       2.72                               Resources                     31/12/13   31/12/12                          Employees                     57,901     60,084                            Business outlets              3,025      3,106                               The outlook was adapted to the changed environment:  - We aim to slightly increase loans and advances to customers in 2014. - We expect the net provisioning requirement in 2014 to remain at around the same level as in the prior year, however, results may be impacted by the ECB Asset Quality Review process. The developments in Ukraine and their potential effects on the region are hereby also not taken into consideration. - In the course of our cost reduction program, we plan to reduce general administrative expenses to the level of 2012 by 2016. We aim to achieve a cost/income ratio of between 50 to 55 per cent by 2016. We plan to maintain 2014 costs at around the same level as 2013. - We aim for a return on equity before tax of approximately 15 per cent in the medium term.   For further information please contact:  Susanne E. Langer Head of 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   27.03.2014 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:       Wien (Amtlicher Handel / Official Market)   End of Announcement                             DGAP News-Service   ---------------------------------------------------------------------------  
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