RBI loss in the fourth quarter: large restructuring in Russia!

RBI loss in the fourth quarter: large restructuring in Russia!

Vienna, Österreich - The Raiffeisen Bank International (RBI) impressively beaten despite the challenges in Russia and Belarus. According to the latest reports, the group result for 2024 resulted in a solid result of 2.083 billion euros, although there was a slight decline of EUR 2.114 billion compared to the previous year. It is particularly noteworthy that the adjusted corporate result is only 856 million euros without the two markets, which makes the risks that the bank is withdrawing from these regions. The numbers reflect the complexity of the current market situation in which the RBI had to make decisions to limit potential losses, reported orf.at .

negative effects due to market changes

The fourth quarter of 2024 was particularly challenging for the RBI. During this period, the bank recorded a negative result of 926 million euros, especially influenced by the sale of the priorbank in Belarus, which had a significant negative effect of 824 million euros. This decision, which minimizes political risk, also has an impact on the hard core capital ratio. These, including the two countries, fell from 17.3 percent to 17.1 percent in the previous year. Without these markets, the quota is 15.1 percent, which shows that the bank can act strategically in times of uncertainty, such as "https://www.vienna.at/rbi-mi-mio-euro-wehn-ohn-russland-belarus/9197449"> vienna.at

In the first three quarters in 2024, the RBI reduced customer loans in Russia by 23 percent and also recorded a decline in deposits by 26 percent. This withdrawal is part of a comprehensive strategy for risk reduction. Bank plans to be granted from 6 to 7 percent for the 2025 financial year and is aiming for a stable hard core capital ratio. The dividend for investors should be 1.10 euros per share, which is an adjustment compared to the distribution in the previous year.