Raiffeisen Bank International AG (OTCPK:RAIFF)
$ 18.69 0 (0%) Market Cap: 6.40 Bil Enterprise Value: -27.47 Bil PE Ratio: 2.67 PB Ratio: 0.31 GF Score: 72/100
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Q1 2023 Raiffeisen Bank International AG Earnings Call Transcript

May 05, 2023 / 12:00PM GMT
Release Date Price: $14.48
Operator

Good afternoon, ladies and gentlemen, and welcome to the Q1 2023 Results Conference Call of Raiffeisen Bank International. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Mr. Johann Strobl, Chief Executive Officer. Please go ahead.

Johann Strobl
Raiffeisen Bank International AG - Chairman of the Management Board & CEO

Thank you very much. Ladies and gentlemen, welcome to our Q1 2023 update call. Thank you for joining us today.

We can report another good quarter with decent operating trends and a very solid balance sheet. Consolidated profit for the first quarter is EUR 657 million, or a return on equity close to 16%. More importantly, the core of the group, excluding Russia and Belarus, earned EUR 330 million and a 10.4% ROE respectively.

In the first quarter, we recognized a very large portion of the bank levers and other governmental measures. And we have taken a further EUR 69 million of provision for litigation in Poland. Risk costs outside of Russia were very low, with still very

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