Raiffeisen Bank FY 2024 ROE Guidance Revised Down On Higher Poland Provisions
Updates headline from guidance suspension
Oct 29 (Reuters) -RAIFFEISEN BANK INTERNATIONAL AG RBIV.VI:
RBI 1-9/2024: EUR 856 MILLION CONSOLIDATED PROFIT EXCLUDING RUSSIA AND BELARUS, FY 2024 ROE GUIDANCE REVISED DOWN ON HIGHER POLAND PROVISIONS
RUSSIA: SIGNIFICANT DE-RISKING ACCELERATES
CUSTOMER LOANS DOWN ALMOST 67% SINCE PEAK IN Q2/2022 AND DOWN 23% QUARTER-OVER-QUARTER, CURRENT ACCOUNT DEPOSITS DOWN 26% QUARTER-OVER-QUARTER
ROE GUIDANCE FOR 2024 ADJUSTED TO 7.5%, EXCLUDING RUSSIA AND BELARUS
2024 GUIDANCE FOR RBI INCLUDING RUSSIA & BELARUS HAS BEEN SUSPENDED IN LIGHT OF ACCELERATED BUSINESS REDUCTION IN RUSSIA
CET1 RATIO EXCLUDING RUSSIA IMPROVES TO 15.3% (GROUP CET1 RATIO UNCHANGED AT 17.8%)
CORE REVENUES EXCLUDING RUSSIA AND BELARUS SLIGHTLY DOWN AT EUR 1,481 MILLION QUARTER-OVER-QUARTER, SAYS MUTED BUSINESS ACTIVITY IN Q3
Source text: ID:nEQ3p6FK9a
Further company coverage: RBIV.VI
(Gdansk Newsroom)
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