Raiffeisen Bank International AG (RBI) held a presentation today in London for institutional investors and analysts from the world's major financial centers. The event has taken place on the day following publication of the full year results for several years. This year it was again met with a great deal of interest among the more than 60 participants. Karl Sevelda, RBI's Chief Executive Officer, delivered a positive assessment of the transformation program launched in 2015: "With a fully loaded CET1 ratio of 13.6 per cent, we have not only reached our target of at least 12 per cent by the end of 2017 ahead of schedule, but have also significantly exceeded it."
The CEO designate, Johann Strobl, who is currently still Chief Risk Officer of RBI, elaborated: "The decline in loan loss provisions, the withdrawal from those activities which do not form part of the core business, and the repositioning in several markets have made a substantial contribution to the improvement in the capital ratio." Additionally, Martin Grüll (Chief Financial Offier) gave a detailed review of the 2016 financial results for RBI, and for the combined bank on a pro forma basis. CRO designate, Hannes Mösenbacher, was present for the first time.
In the subsequent discussion session, RBI's management addressed further questions from the attending equity and debt investors, equity and credit research analysts as well as rating analysts. At the end of the event, the Management Board was available for bilateral discussions.
Currently, 26 equity analysts and 20 credit research analysts provide investment recommendations on RBI. This makes RBI the Austrian company with by far the largest number of research houses regularly reporting on it.
The entire event can be viewed as a webcast on the RBI website from 5 p.m. (CET) at www.rbinternational.com → Investor Relations → Events