Latest news with #RaiffeisenBankInternationalAG
Yahoo
07-05-2025
- Business
- Yahoo
Raiffeisen Bank International AG (RAIFY) Q1 2025 Earnings Call Highlights: Navigating ...
Consolidated Profit: EUR 260 million in Q1, excluding Russia. Return on Equity: 7.3% in the core group, excluding Russia. Net Interest Income: Stable in the quarter. Fee Income: Up 8% compared to Q1 last year. Cost-Income Ratio: Increased compared to Q1 last year. Loan Book Reduction: Decreased by 4% in Russia in Q1. Deposit Reduction in Russia: 9% drop in Q1. Capital Ratios: Group capital ratio including Russia improved to almost 19%. CT1 Ratio Excluding Russia: 15.9% in the worst-case scenario. Non-Performing Loan Ratio: Below 2% for the group excluding Russia. Stock of Overlays: EUR 451 million, excluding Russia. CRR3 Implementation: Provided around EUR 6 billion of relief to credit risk RWAs, excluding Russia. Release Date: May 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Raiffeisen Bank International AG (RAIFY) reported a consolidated profit of EUR 260 million in Q1 2025, excluding Russia, with a return on equity of 7.3%. The bank's net interest income remained stable despite recent rate cuts and slow loan growth, benefiting from hedges and high deposit volumes. The cost-income ratio target for 2025 remains unchanged, demonstrating a commitment to cost discipline. Capital ratios, including Russia, improved to almost 19%, driven by the implementation of CRR3 and a 23% ruble appreciation. The bank's liquidity ratios remain prudent, with a conservative asset and liability matching strategy in place. Negative Points The cost-income ratio increased compared to Q1 last year due to pressure on operating expenses and revenue effects. Trading income was lower due to the tightening of the bank's own credit spreads, although this partially reversed in April. The Rosperia court case resulted in a EUR 1.9 billion withdrawal from the bank's Russian subsidiary account, impacting financials. Loan growth was muted, particularly in corporate demand, which remained sluggish. The geopolitical situation and legal proceedings in Russia present ongoing challenges and uncertainties for the bank. Q & A Highlights Q: Are the forfeited funds in the Rosberia case in a blocked account or gone? A: Johann Strobl, CEO: The funds are gone. They have been withdrawn from the accounts following a second instance ruling. This affects the sales process as we prepare a claim for damages, and the interest on the withdrawn amount has not yet been taken. We are awaiting the unblocking of shares, which we assume will happen after the interest is withdrawn.
Bloomberg
24-04-2025
- Business
- Bloomberg
Russia Rejects Raiffeisen Appeal Against €2 Billion Court Order
Raiffeisen Bank International AG lost its appeal of a court decision ordering it to pay more than €2 billion ($2.3 billion) of damages to a company formerly owned by sanctioned Russian billionaire Oleg Deripaska. A commercial appeals court in St. Petersburg denied Raiffeisen's attempt to reverse an earlier court order to pay Rasperia Trading Ltd. damages for a failed transaction, according to a bank spokesperson who confirmed a report from the Austria Press Agency.
Bloomberg
28-03-2025
- Business
- Bloomberg
Raiffeisen Gets S&P Ratings Respite on Lower Risks From Russia
Raiffeisen Bank International AG received a better credit rating outlook, marking a rare improvement ever since Russia 's invasion of Ukraine three years ago cast doubt over the Austrian bank's most profitable unit. S&P Global Ratings raised Raiffeisen's credit rating outlook to stable from negative on Thursday, citing reduced risk related to the Russia operations the key reason.
