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Semi-Annual Financial Report 2022

  • Net interest income up 23% quarter-on-quarter, due to higher rates in CE and SEE as well as EURRUB appreciation
  • Net fee and commission income up 29% quarter-on-quarter, in particular on the back of continued strong customer activity and FX business in Russia
  • Provisioning ratio increased significantly to 0.86% year-to-date, largely driven by the buildup of overlays and macro downgrades
  • Loans grew 7% year-to-date, supported by focus CE and SEE markets
  • Consolidated profit of EUR 1,712 million year-to-date, including net gain of EUR 453 million on the sale of the Bulgarian unit
  • CET1 ratio at 13.4% (transitional, including year-to-date result), including 75 bps from the sale of the Bulgarian unit, and despite RWA inflation and higher risk costs in Eastern Europe
  • Outlook has been updated 
  • By Group Communications
  • Press Releases

Quotes of RBI’s CEO Johann Strobl:

RBI is a very profitable bank with a proactive risk policy. This is reflected in our very good half-year results and the recent reaffirmation of our rating by Standard & Poor's. This once again demonstrates the stability of our bank and the resilience of our business model. The profitability of our business in Austria as well as in the Central Europe and Southeastern Europe regions is excellent. Even if you exclude the profit from the sale of our Bulgarian subsidiary bank, we can be very satisfied with our results.

For months we have been working in a very focused and structured way on strategic options for our Russian business. This process takes into account the unprecedented and rapidly changing market conditions in Russia. Due to the complex situation and the constantly changing framework conditions, the process will still take some time. Since the first quarter, Raiffeisenbank in Russia has already reduced its lending volume, measured in local currency, by more than one fifth and strengthened its equity base.

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