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Public relations section
All figures are based on International Financial Reporting Standards (IFRS).
As of January 2017, RZB contributed business is fully included. Current RBI figures refer to the combined bank; unless specified otherwise, the historical pro forma data is based on the combined bank (consideration of the merger).
In the first half of 2017, Raiffeisen Bank International AG (RBI) generated a consolidated profit of € 587 million.
“We are very satisfied with our semi-annual result. We now reap the fruits of our transformation program. We do not lean back but work intensely on making RBI fit for the digital age,“ said Johann Strobl, CEO of RBI.
In the first six months of 2017, net interest income increased 1 per cent, or € 21 million, to
€ 1,588 million compared to the first half of 2016.
Compared to the same period of the previous year, general administrative expenses rose € 32 million to € 1,573 million, mainly due to currency effects. The cost/income ratio improved 1.8 percentage points to 60.6 per cent, largely due to higher operating income.
“We perform well in all our segments. I am especially pleased with the solid profit contributions from Hungary and Ukraine. We already see first successes of our rightsizing program in Poland,” said Strobl.
Based on total risk, the common equity tier 1 ratio (transitional) was 12.9 per cent as at 30 June 2017 and the total capital ratio (transitional) was 17.5 per cent.
Net provisioning for impairment losses fell 81 per cent overall year-on-year, or € 327 million, to € 76 million.
“The sustained strong economic development in CEE has contributed to our risk costs developing significantly better than expected. Moreover, our strategy of selectively selling non-performing loans is paying off,” said Strobl.